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    Spring Ave Decatur, AL 35603

    For Sale
    $899,000

    Prime Decatur land, R5 zoning, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 33-acre parcel, situated on Spring Avenue SW in Decatur, Alabama (zip code 35603), presents a remarkable opportunity for residential development. The property, identified by APN numbers 120-41-80-00-0-009-000 and 120-41-80-00-0-009-001, is zoned R5, making it perfectly suited for patio home construction. The land boasts gently rolling topography, largely flat and easily developable, significantly reducing construction costs and timelines. This ease of development translates to a faster return on investment. Located in Morgan County, this 33-acre tract offers a prime location within Decatur, providing convenient access to local amenities and infrastructure. The asking price for this exceptional development opportunity is $899,000. This property is a blank canvas for a lucrative residential project, promising significant returns for the discerning investor or developer. The flat terrain simplifies the construction process, making it an attractive option for efficient and cost-effective development.

    Property Features for 0 Spring Ave

    General Information

    Property type
    Land
    Lot Size
    1,437,480 SF

    HighLights

    • 33‑acre residential development parcel in Decatur, AL (35603).
    • APN: 120‑41‑80‑00‑0‑009‑000 & 120‑41‑80‑00‑0‑009‑001.
    • R5 zoning, ideal for patio homes.
    • Gently rolling, largely flat terrain for cost‑effective development.
    • Prime Decatur location with convenient access to amenities.
    • Asking price: $899,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.000760119132
    Latitude
    34.529571128646

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    FAQs

    What type of property is this?
    Land - Prime Decatur land, R5 zoning, ideal for development.
    Where is this land located?
    The property is located at Spring Ave Decatur, AL.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 33-acre residential development parcel in Decatur, AL (35603).; APN: 120-41-80-00-0-009-000 & 120-41-80-00-0-009-001.; R5 zoning, ideal for patio homes.
    (256) 214-2227
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    Spring Ave Decatur, AL 35603
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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
    Spring Ave Decatur, AL 35603
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