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    State Highway 31 Perdido, AL 36562

    Source: https://www.saltercompany.com
    For Sale
    $295,000

    34.2 acres, Hwy 31 frontage, development potential.

    Property size:
    1,489,752 SF

    Description

    Added:
    Feb 14, 2025
    Days on Market:
    305
    This exceptional 34.2-acre parcel in Perdido, Alabama, presents a remarkable mixed-use development opportunity. Strategically located on State Highway 31, at the Perdido caution light, this cleared property boasts two existing driveway entrances, readily available public water access, and electrical power. The Baldwin County zoning allows for a wide range of potential uses, making it an ideal investment for various projects. The property's convenient location offers easy access to nearby amenities, including a convenience store, Dollar Store, Perdido Elementary and Junior High School, a post office, and several churches. The land consists of two parcels: Parcel ID # 17-01-01-0-000-028.000 and 17-01-01-0-000-020.002. Buyers are responsible for verifying all dimensions and information during their due diligence process. This is a rare chance to acquire a significant land tract with high visibility and development potential in a growing area. The property's size and location make it suitable for a variety of commercial and residential ventures. Act quickly to secure this prime investment opportunity.

    Property Features for State Highway 31

    General Information

    Property type
    Other land
    Square Feet
    1,489,752 SF
    Price / Square Foot
    $0.20
    Elevators
    N/A
    Lot Size
    1,489,752 SF

    HighLights

    • 34.2 acres of cleared land in Perdido, Alabama, ready for development.
    • Convenient location near Hwy 31, schools, and essential businesses.
    • Two driveway entrances, electricity, and public water access available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Perdido
    State
    Alabama

    FAQs

    What type of property is this?
    Land - 34.2 acres, Hwy 31 frontage, development potential.
    Where is this land located?
    The property is located at State Highway 31 Perdido, AL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 34.2 acres of cleared land in Perdido, Alabama, ready for development.; Convenient location near Hwy 31, schools, and essential businesses.; Two driveway entrances, electricity, and public water access available.
    (251) 368-4397
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    State Highway 31
    Perdido, AL 36562
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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
    State Highway 31 Perdido, AL 36562
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