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    5911 Hwy 231 Hwy Wetumpka, AL 36092

    For Sale
    $1,600,000

    Prime Wetumpka location, high traffic, development ready.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 1600000 USD commercial property presents a unique investment opportunity in the thriving Wetumpka, Alabama market. Situated on Highway 231, this strategically located lot boasts high visibility and traffic counts, making it ideal for a variety of commercial developments. The property's adjacency to a casino and a growing downtown area further enhances its appeal and potential for significant returns. The location offers unparalleled access to a major US highway, ensuring convenient access for customers and employees. This large commercial lot is perfectly positioned to capitalize on the rapid growth experienced in central Alabama. Its prime location makes it an attractive site for a hotel, multiple retail establishments, or restaurants. The high demand for commercial space in this area underscores the significant potential for future appreciation. This is a rare chance to acquire a substantial piece of land in a booming market, offering exceptional prospects for long-term growth and profitability. The property is ready for immediate development, presenting a turnkey opportunity for investors seeking a high-impact commercial venture. Don't miss this chance to secure a prime piece of Wetumpka real estate.

    Property Features for 5911 Hwy 231 Hwy

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.20628
    Latitude
    32.52729

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Wetumpka location, high traffic, development ready.
    Where is this commercial real estate located?
    The property is located at 5911 Hwy 231 Hwy Wetumpka, AL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    (334) 462-5263
    Request Owner's contact information
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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
    5911 Hwy 231 Hwy Wetumpka, AL 36092
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