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    1698 Highway 231 Laceys Spring, AL 35754

    Sponsored
    For Sale
    $750,000

    24 Acres, Commercial Building Included

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 24-acre commercial property in Laceys Spring, Alabama, presents a unique investment opportunity. Located at 1698 Hwy 231, Morgan County, zip code 35754, this expansive lot boasts over 1,200 feet of highway frontage, providing unparalleled visibility and accessibility. The asking price is $750,000, translating to $31,250 per acre. A significant advantage is the inclusion of an existing commercial building on the site, measuring over 5,000 square feet. This pre-existing structure offers immediate potential for various commercial uses, minimizing initial development costs. The property is zoned for County use, offering flexibility for a wide range of commercial ventures. Its strategic location along a major highway ensures high traffic volume and excellent exposure for any business. With its substantial size, existing building, and prime location, this property is ideally suited for a variety of commercial developments, making it an attractive investment for both established businesses and new ventures. The latitude and longitude coordinates are 34.53164421572999 and -86.5898633375756 respectively. This is a rare opportunity to acquire a significant commercial land parcel with an existing building in a high-traffic area.

    Property Features for 1698 Highway 231

    General Information

    Property type
    Land
    Lot Size
    1,045,440 SF

    HighLights

    • $750,000 asking price for 24 acres of commercial land.
    • Located in Laceys Spring, Alabama, in Morgan County, zip code 35754.
    • County zoning.
    • $31,250 per acre land value.
    • Includes a 5,000+ sq ft commercial building and over 1,200 feet of Hwy 231 frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Custom Plus Blinds Shop JFK Woodwork, LLC Woodworker

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Daycare Center Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Laceys Spring
    County
    Morgan
    State
    Alabama
    Longitude
    -86.589863337576
    Latitude
    34.53164421573

    FAQs

    What type of property is this?
    Land - 24 Acres, Commercial Building Included
    Where is this land located?
    The property is located at 1698 Highway 231 Laceys Spring, AL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for 24 acres of commercial land.; Located in Laceys Spring, Alabama, in Morgan County, zip code 35754.; County zoning.
    Request Owner's contact information
    1698 Highway 231 Laceys Spring, AL 35754
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    Laceys Spring, AL 35754
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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
    1698 Highway 231 Laceys Spring, AL 35754
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