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    938 Us-231 Wetumpka, AL 36093

    Sponsored
    For Sale
    $230,000

    High-traffic retail lot, excellent visibility.

    Property size:
    56,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 938 US-231 in Wetumpka, Alabama, presents a compelling investment opportunity. The 1.29-acre lot boasts approximately 193 feet of frontage along the heavily trafficked US Highway 231, offering unparalleled visibility for any commercial venture. With a total area of 56,192 square feet, the property is zoned B-2, permitting a wide range of commercial uses, excluding fireworks stands and gas stations. The asking price is $230,000, translating to $4.09 per square foot. A significant advantage is the existence of an adjacent 60-foot wide access easement, potentially eliminating the need for a curb cut on Highway 231. The property's strategic location between Raceway and Big Daddy's Fireworks ensures high visibility and accessibility. The 2022 Annual Average Daily Traffic (AADT) count for this section of US Highway 231 was 31,276 vehicles, indicating substantial potential customer traffic. Possession is immediate, allowing for swift development and occupancy. Ideal uses include retail, commercial, or even a car lot. This is a rare opportunity to acquire a prime commercial parcel in a high-growth area. The property's dimensions are approximately 193 feet by 300 feet. This is an exclusive listing.

    Property Features for 938 Us-231

    General Information

    Property type
    Land
    Square Feet
    56,192 SF
    Lot Size
    56,192 SF

    HighLights

    • Sales Price: $230,000 ($4.09/SF)
    • Land Size: 1.29 Acres (approx. 193' x 300')
    • Zoning: B‑2
    • Highest and Best Use: Commercial, Retail, or Car Lot
    • Excellent Visibility
    • Immediate Possession
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.1910502
    Latitude
    32.4636417

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    FAQs

    What type of property is this?
    Land - High-traffic retail lot, excellent visibility.
    Where is this land located?
    The property is located at 938 Us-231 Wetumpka, AL.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Sales Price: $230,000 ($4.09/SF); Land Size: 1.29 Acres (approx. 193' x 300'); Zoning: B-2
    Request Owner's contact information
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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
    938 Us-231 Wetumpka, AL 36093
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