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    Al-143 Millbrook, AL 35801

    For Sale
    $175,000

    Prime 1-acre commercial lot near new prison.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1-acre commercial property in Elmore County, Alabama, presents a unique investment opportunity. Located on AL-143 in Millbrook (zip code 35801), this lot offers approximately 245 feet of road frontage, ensuring high visibility for any business. The property is less than a mile from a new, 4,000-capacity prison currently under construction, promising significant foot traffic and economic activity. Essential utilities, including power, sewer, and water, are readily available, simplifying development. The property is currently unzoned, offering flexibility for a variety of commercial uses, from retail and restaurants to professional offices. This location is poised to benefit from the increased demand for services and amenities driven by the new prison complex. The asking price is $175,000, representing a compelling investment in a rapidly developing area. Ownership transfers at closing. This is an ideal opportunity for entrepreneurs and investors seeking high-visibility commercial land in a growth market. Don't miss this chance to secure a prime location near a major new development.

    Property Features for 0 Al-143

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑acre commercial lot in Millbrook, AL (zip code 35801), located on AL‑143.
    • 245 feet of road frontage provides high visibility.
    • Less than one mile from a new 4,000‑capacity prison.
    • Utilities (power, sewer, water) readily available.
    • Unzoned, allowing for flexible commercial development.
    • Asking price: $175,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Millbrook
    County
    Elmore
    State
    Alabama
    Longitude
    -86.314971
    Latitude
    32.538745

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    FAQs

    What type of property is this?
    Land - Prime 1-acre commercial lot near new prison.
    Where is this land located?
    The property is located at Al-143 Millbrook, AL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: 1-acre commercial lot in Millbrook, AL (zip code 35801), located on AL-143.; 245 feet of road frontage provides high visibility.; Less than one mile from a new 4,000-capacity prison.
    Request Owner's contact information
    Al-143 Millbrook, AL 35801
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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
    Al-143 Millbrook, AL 35801
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