Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2509 Highway 31 Decatur, AL 35601

    For Sale
    $1,400,000

    1.24 Acres, High Traffic, Decatur, AL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1.24-acre commercial development site is strategically located on Highway 31 South in Decatur, Alabama, offering unparalleled visibility and accessibility. The property boasts 160 feet of frontage along this busy thoroughfare, ensuring maximum exposure to a substantial daily traffic volume. According to the 2019 Alabama Traffic Count, Highway 31 S in this area sees 24,174 vehicles per day. The site's location just south of a major Decatur intersection further enhances its desirability. The property is zoned for a variety of commercial uses, including B-2 (1.1 acres) and M-1 (0.14 acres), providing flexibility for a range of development projects. This prime location is surrounded by a thriving commercial environment, featuring numerous retail establishments, restaurants, financial institutions, and service businesses, creating a strong foundation for future development and ensuring high potential for return on investment. The asking price for this exceptional opportunity is $1,400,000. This is a rare chance to acquire a highly visible and well-situated commercial land parcel in a rapidly growing area of Decatur, Alabama. Don't miss this opportunity to capitalize on the significant potential of this prime development site.

    Property Features for 2509 Highway 31

    General Information

    Property type
    Land
    Lot Size
    54,014 SF

    HighLights

    • 160' of frontage on Highway 31 S
    • 24,174 vehicles per day (2019 Alabama Traffic Count)
    • Located just south of a major Decatur intersection
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9742172
    Latitude
    34.5595507

    Nearby Similar for Sale

    • $700,000

      Decatur Multi-Family Investment Opportunity

      Single-family home and 5-unit apartment building in Decatur, Alabama.
      2005 Morgan Ave SW, Decatur, AL 35601
      View Details
    • $400,000

      Decatur Multifamily Property For Sale

      Multifamily property in Decatur, Alabama, with recent renovations.
      201 8Th Ave SW, Decatur, AL 35601
      View Details
    • $400,000
      0.25 Acres

      Decatur Multi-Family Portfolio Opportunity

      Portfolio of occupied multi-family properties in Decatur, Alabama.
      1816 SW Glenn St, Decatur, AL 35603
      View Details
    • $849,993

      Decatur Warehouse in Finley Island

      Multi-use warehouse in Finley Island Industrial Park, Decatur, AL.
      3074 Finley Island Rd, Decatur, AL 35603
      View Details
    • $400,000
      0.25 Acres

      Decatur Multi-Family Portfolio Offering

      Fourteen-unit portfolio in Decatur, Alabama, offered as package.
      1803 Graymont Ln, Decatur, AL 35603
      View Details
    • $400,000
      0.29 Acres

      Decatur Multi-Family Portfolio Opportunity

      Fourteen-unit portfolio in Decatur, Alabama, for sale.
      1809 Windover Pl SW, Decatur, AL 35603
      View Details

    FAQs

    What type of property is this?
    Land - 1.24 Acres, High Traffic, Decatur, AL
    Where is this land located?
    The property is located at 2509 Highway 31 Decatur, AL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 160' of frontage on Highway 31 S; 24,174 vehicles per day (2019 Alabama Traffic Count); Located just south of a major Decatur intersection
    (256) 353-1112
    Request Owner's contact information
    2509 Highway 31 Decatur, AL 35601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2509 Highway 31
    Decatur, AL 35601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2509 Highway 31 Decatur, AL 35601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.