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    489 Co Rd Hanceville, AL 35077

    For Sale
    $1,600,000

    60 Acres, Potential Annexation, Cullman Proximity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents approximately 60 acres of commercially zoned land ideally situated near the golf course road in Hanceville, Alabama. The property's prime location offers significant potential for development, with the added benefit of possible annexation into the city limits of Cullman, unlocking further development opportunities and enhancing property value. The existing structure on the property, an older house, is not factored into the asking price of $1,600,000. This presents a unique chance to acquire a substantial land parcel without the burden of demolition costs or the need to factor in the value of an outdated building. The expansive acreage is currently wooded, providing a blank canvas for a variety of commercial ventures. Furthermore, an additional 19 acres adjacent to this property are also available for purchase, presenting an opportunity to expand the investment significantly. This combined acreage offers unparalleled potential for large-scale commercial development, making this a truly exceptional investment opportunity in a rapidly growing area. The property's proximity to Cullman provides easy access to a wider range of amenities and infrastructure, further enhancing its appeal. Serious inquiries are encouraged to explore the full potential of this remarkable land offering.

    Property Features for 489 Co Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    2,613,600 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hanceville
    County
    Cullman
    State
    Alabama
    Longitude
    -86.83308
    Latitude
    34.12632

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    FAQs

    What type of property is this?
    Commercial real estate - 60 Acres, Potential Annexation, Cullman Proximity
    Where is this commercial real estate located?
    The property is located at 489 Co Rd Hanceville, AL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (256) 739-1389
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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
    489 Co Rd Hanceville, AL 35077
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