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

    Troon Dr Madison, AL 35757

    For Sale
    $2,000,000

    Prime Huntsville land, R-2 zoned, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 28-acre property in Huntsville, Alabama, presents a remarkable development opportunity. Located in Madison County, with a 35757 zip code, this land is zoned R-2, allowing for a variety of residential uses including multifamily, townhomes, apartments, duplexes, patio homes, and single-family attached and detached homes. The property's APN is 15-05-21-0-000-003.000, 15-05-21-0-000-001.007, .008, .009, and is currently owned by Avere, LLC. Its strategic location offers significant advantages. Situated just two blocks north of Highway 72, a major thoroughfare in North Alabama, and two blocks east of Clift Farm's expansive 550-acre development, this land benefits from excellent accessibility and proximity to established amenities. Furthermore, it's a half block south of The Church of the Highlands on Nance Road. The build-to-rent model is particularly well-suited to this location, given the potential for townhome development. A potential rezoning to R2-A could further enhance the density of multi-family development possibilities. The asking price for this significant parcel is $2,000,000. This property offers investors a unique chance to capitalize on Huntsville's thriving real estate market.

    Property Features for 0 Troon Dr

    General Information

    Property type
    Land
    Lot Size
    1,219,680 SF

    HighLights

    • $2,000,000 asking price for 28 acres of land.
    • R‑2 zoned residential land suitable for multifamily, townhome, and apartment development.
    • Located in Huntsville, Alabama, in Madison County, zip code 35757, on Troon Drive.
    • APN: 15‑05‑21‑0‑000‑003.000, 15‑05‑21‑0‑000‑001.007, .008, .009.
    • Owned by Avere, LLC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7347592
    Latitude
    34.7709278

    Nearby Similar for Sale

    • New
      $389,000
      0.69 Acres

      Madison Triplex on Large Lot

      Three-unit multifamily property on a 0.69-acre cul-de-sac lot.
      29812 Analicia Dr, Madison, AL 35757
      View Details
    • $6,275,500
      10,000 SF

      Net Lease Daycare Investment Opportunity

      Net lease daycare investment opportunity in the Huntsville MSA.
      291 Pine Grove Rd, Madison, AL 35757
      View Details
    • Contact for pricing
      16,039 SF

      Madison Retail Center For Sale

      16,039 SF multi-tenant retail center in Madison, Alabama.
      8498 Madison Blvd, Madison, AL 35758
      View Details
    • $7,861,000

      Jetplex Area Investment Opportunity

      60,000 SF industrial property with long-term NNN leases.
      277 Westchester Rd, Madison, AL 35758
      View Details
    • $279,900

      End Unit Townhome in Madison

      Townhome in Edgewater Community with updated kitchen and outdoor spaces.
      244 West Lake Cir, Madison, AL 35758
      View Details
    • Contact for pricing

      Freestanding Building on Highway 72

      3,865 SF freestanding building with double lane drive-thru.
      7885 Highway 72, Madison, AL 35758
      View Details

    FAQs

    What type of property is this?
    Land - Prime Huntsville land, R-2 zoned, development potential.
    Where is this land located?
    The property is located at Troon Dr Madison, AL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price for 28 acres of land.; R-2 zoned residential land suitable for multifamily, townhome, and apartment development.; Located in Huntsville, Alabama, in Madison County, zip code 35757, on Troon Drive.
    (256) 714-1300
    Request Owner's contact information
    Troon Dr Madison, AL 35757
    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.
    Troon Dr
    Madison, AL 35757
    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
    Troon Dr Madison, AL 35757
    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.