VACANT LOT. ZONED T-4R WHICH IS MIXED USE COMMERCIAL AND RESIDENTIAL. THIS LOT IS JUST OUTSIDE OF DOWNTOWN MONTGOMERY ADJACENT TO INTERSTATE 65 NORTH. THE LOT HAS A BILLBOARD FACING THE NORTHBOUND LANES AND A DOWNTOWN EXIT. SELLER HAS A CURRENT LEASE AGREEMENT WITH A BILLBOARD AGENCY. THE LEASE PROVIDES THE SELLER A MONTHLY INCOME THAT IS TRANSFERABLE UPON SALE OF THE PROPERTY.
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