Waterfront Development Land with Highway
140 Claysville School Road Guntersville, AL 35976
140 Claysville School Road, Guntersville, AL, 35976
$6,995,000
For Sale
$6,995,000
COMMERCIAL - Guntersville, AL
Property Size47,000 SF
Lot Size20.42 Acres
Price / SF$148.83
Days on Market121
Property Features for 140 Claysville School Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- REMARKS
- Lot size
- 20.42 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
- Water front features
- Lake, Waterfront
- Water front
- 1
Listing agency
Ainsworth Real Estate, LLC
(256) 640-7017
Listed by
Bert Phillips · License #71951
(256) 572-7482
Added: Mar 25 Updated: Jul 22 at 1:05AM Checked: Jul 23 at 7:06AM
MLS# 21894977
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Investment Insights
Based on property information with market context.
For sale is a level waterfront development property totaling approximately 20.42 acres with about 2,700 feet of main channel shoreline on Lake Guntersville. The site also includes approximately 1,000 feet of frontage on Hwy 431.
Improvements and utilities noted include a 2022 Phase I site assessment, an existing approximate 47,000 SF school/office building, a sewer lift station, 3-phase power, and natural gas. The offering includes development potential described by the seller for condos/townhouses, with additional commercial opportunities such as retail and restaurants.
A possible waterfront development is noted as being subject to TVA approval. The property is described as being minutes from Guntersville Airport and nearby to Gunter’s Landing Golf community, yacht club/marinas, and the Guntersville retail/entertainment district, with an estimated commute of about 30 minutes to Huntsville.
Improvements and utilities noted include a 2022 Phase I site assessment, an existing approximate 47,000 SF school/office building, a sewer lift station, 3-phase power, and natural gas. The offering includes development potential described by the seller for condos/townhouses, with additional commercial opportunities such as retail and restaurants.
A possible waterfront development is noted as being subject to TVA approval. The property is described as being minutes from Guntersville Airport and nearby to Gunter’s Landing Golf community, yacht club/marinas, and the Guntersville retail/entertainment district, with an estimated commute of about 30 minutes to Huntsville.
Key Highlights
- 2700 feet of main channel shoreline on Lake Guntersville.
- 20‑acre waterfront property with development potential for condos/townhouses, commercial spaces, or retail/restaurants.
- Convenient location: approx. 30‑minute commute to Huntsville and minutes to Guntersville Airport, Gunter's Landing Golf community, yacht club/marinas, and Guntersville retail/entertainment district.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $846.0k | $18.00 |
| − Vacancy | −$139.6k | −$2.97 |
| EGI | $706.4k | $15.03 |
| − OpEx | −$176.6k | −$3.76 |
| NOI | $529.8k | $11.27 |
47,000 SF · lease $18.00/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.57M
$6.62M – $8.83M
NOI $529,808 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.14M
$8.88M – $11.83M
NOI $710,099 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Claysville School
High School
Similar For Sale Nearby
FAQs
What type of property is this?
School - Level waterfront parcel offers 2,700 feet of main-channel shoreline and about 1,000 feet of frontage on Hwy 431.
Where is this school located?
The property is located at 140 Claysville School Road Guntersville, AL.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: **2700 feet of main channel shoreline on Lake Guntersville.**; **20‑acre waterfront property with development potential for condos/townhouses, commercial spaces, or retail/restaurants.**; Convenient location: approx. 30‑minute commute to Huntsville and minutes to Guntersville Airport, Gunter's Landing Golf community, yacht club/marinas, and Guntersville retail/entertainment district.
