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    3124 Blue Lk Dr Vestavia Hills, AL 35243

    For Sale
    Contact for pricing

    1.2-acre lot, prime redevelopment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.2-acre commercial land parcel presents a remarkable redevelopment opportunity in the thriving Vestavia Hills, Alabama market. Located at 3124 Blue Lake Drive, in Jefferson County, zip code 35243, this property boasts a prime location within a rapidly expanding area. The site is zoned for proposed commercial development, offering versatility for a range of projects. Envisioning new office spaces, retail establishments, or medical facilities? This location provides excellent visibility and accessibility. The property consists of two parcels totaling 1.2 acres, providing ample space for a substantial development. This is a unique chance to capitalize on the growth potential of Vestavia Hills. The strategic location on Blue Lake Drive ensures high traffic volume and visibility, making it an ideal site for businesses seeking a prominent presence. Further expansion possibilities exist with the potential to acquire additional adjacent land, offering significant long-term growth potential. This is a rare opportunity to secure a prime commercial lot in a highly desirable and rapidly developing area. Don't miss this chance to build your vision in Vestavia Hills.

    Property Features for 3124 Blue Lk Dr

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre site comprised of two parcels.
    • Proposed commercial development.
    • Redevelopment opportunity available.
    • Potential for land expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Vestavia Hills
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7342939
    Latitude
    33.4341626

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    FAQs

    What type of property is this?
    Land - 1.2-acre lot, prime redevelopment opportunity.
    Where is this land located?
    The property is located at 3124 Blue Lk Dr Vestavia Hills, AL.
    What are key features of this property?
    This property features: 1.2-acre site comprised of two parcels.; Proposed commercial development.; Redevelopment opportunity available.
    Request Owner's contact information
    3124 Blue Lk Dr Vestavia Hills, AL 35243
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    Vestavia Hills, AL 35243
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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
    3124 Blue Lk Dr Vestavia Hills, AL 35243
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