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    887 Lake Mitchell Rd Clanton, AL 35045

    For Sale
    $425,000

    High-traffic corner lot, I-65 proximity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.49-acre commercial property at 887 Lake Mitchell Road in Clanton, Alabama, presents a unique investment opportunity. Its prime location offers unparalleled visibility and accessibility, situated on a high-traffic corner lot with convenient proximity to Interstate 65, ensuring significant exposure to potential clients and customers. The property boasts approximately 135 feet of road frontage along Lake Mitchell Road, maximizing its street presence and enhancing its appeal. All essential utilities are readily available, simplifying the setup and operation of any business. The property is currently improved with a mobile home, which will be removed prior to closing. This presents a blank canvas for the development of a new office building, or the adaptation of an existing structure to suit a variety of commercial uses. The strategic location, coupled with the ample road frontage and readily available utilities, makes this property an ideal choice for businesses seeking a prominent and easily accessible location in the thriving Clanton market. The asking price of $425,000 reflects the significant value and potential of this exceptional commercial property. Don't miss this chance to secure a prime location for your business venture.

    Property Features for 887 Lake Mitchell Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1959
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Food Market Storage Facility Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clanton
    County
    Chilton
    State
    Alabama
    Longitude
    -86.60449
    Latitude
    32.84358

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    FAQs

    What type of property is this?
    Office Property / Space - High-traffic corner lot, I-65 proximity.
    Where is this office property / space located?
    The property is located at 887 Lake Mitchell Rd Clanton, AL.
    What is the asking price?
    The asking price for this property is $425,000.
    Request Owner's contact information
    887 Lake Mitchell Rd Clanton, AL 35045
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    Clanton, AL 35045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    887 Lake Mitchell Rd Clanton, AL 35045
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