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    8742 Highway 72 Madison, AL 35758

    For Sale
    $1,300,000

    Prime 1.5-acre commercial lot, Hwy 72, Madison, AL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.5-acre commercial land parcel is strategically located on Highway 72 West in Madison, Alabama, boasting a prime corner location just west of the thriving Colonial Promenade shopping center. Anchored by a Walmart Supercenter and Clift Frame, this high-traffic area offers unparalleled visibility and accessibility for any commercial venture. The lot itself is level and conveniently features readily available utilities, simplifying development and construction processes. The property is zoned COMMERCIAL C-4, providing flexibility for a wide range of commercial uses. This presents a unique opportunity for businesses seeking a high-visibility location in a rapidly growing area. The asking price is $1,300,000, translating to $1,300,000 per acre. Note that an additional 1.1 acres of adjacent land may also be available for purchase, presenting potential for expansion or synergistic development. This property is offered for sale, with no lease options available. The property's address is 8742 Hwy 72 W, Madison, AL 35758, situated in Madison County.

    Property Features for 8742 Highway 72

    General Information

    Property type
    Land
    Lot Size
    65,340 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.7791659
    Latitude
    34.7475057

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    FAQs

    What type of property is this?
    Land - Prime 1.5-acre commercial lot, Hwy 72, Madison, AL
    Where is this land located?
    The property is located at 8742 Highway 72 Madison, AL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (256) 426-1165
    Request Owner's contact information
    8742 Highway 72 Madison, AL 35758
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    Madison, AL 35758
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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
    8742 Highway 72 Madison, AL 35758
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