Restaurant & Self Storage for Sale
1951 Bell Street
Montgomery, Alabama 36104

Price: $1,400,000

132 Units
58,555 sq ft
4.6 Acres

Gross Income: $96,000
Expenses: $30,000
Net Income: $66,000
Occupancy: 26%

 

This Property is located right across the street from Maxwell AFB in Montgomery Alabama. We are approximately 1 mile from the CBD and less than 1 mile from interstates I-65 and I-85. The road we are located on, Bell Street is scheduled to be renovated into a 4 lane parkway with a 25 foot grass median down the middle.

The City of Montgomery in conjunction with Maxwell AFB and State Government are working together to improve this very important corridor leading to Downtown and the main Gate of Maxwell AFB. Presently on this property we have a 5995 square foot restaurant called the Wagon Wheel Cafe'. This Cafe' is an extremely popular with the military personnel as well as the downtown business professionals and contractors working in the area from time to time.

Also, we have 128 self storage units (20,750 sq ft) in three new buildings completed in early 2007. The building sizes are 40' X 90', 35' X 250' and 30' X 280'. The area is fenced and equipped with an electronic pass card gate for programmable access. Also, located directly behind the Wagon Wheel Cafe' in the attached building there are 7ea 3000sq ft bays with 14' high ceilings and 12' wide sliding doors. Perfect for leasing to contractors or for storing RV's, Boats or Motor Homes.

The office is located on the east side of the property in a two story structure, office utilizes only about half of the downstairs area. The upstairs is approximately 880 sq ft and presently unfinished. It could be converted into a small apartment for an on-site property manager or converted into another office. The office interior rear door opens into a 9880 sq ft warehouse with 12 ft ceiling heights and a 12' wide sliding door. There is also and attached loading ramp for truck deliveries.

Although the 128 self storage units are new and the entire 4.6 acres is fenced and the Wagon Wheel Cafe' interior is all new. The two large buildings on the property that make up the office and warehouse spaces are not new, for the most part these two buildings are in good general condition but improvements could be made.

All in all this property is positioned to be highly regarded and even more prominent in the very near future. As the renovation of this main corridor gets underway and the flow of traffic on this already busy road leading to Downtown and Maxwell AFB continues to increase, I see nothing but good things in the future for this property.

Of course you can see an overhead view of this property by looking at it on map-quest, 1951 Bell Street, Montgomery Alabama 36104.

Call me if you are interested or if you have any further questions.
Sincerely, Ed Shoemake
334-264-1113 or email eshoemake@aol.com

Last Updated: June 21, 2011