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    Mid Ridge Ln Pelham, AL 35124

    For Sale
    $175,000

    7.87-acre residential lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.87-acre parcel of land presents a remarkable opportunity for residential development in Pelham, Alabama. Located near 401 Midridge Lane, the property boasts a desirable location and offers stunning views. Currently uncleared, this land is zoned RT, providing the potential for the construction of new townhomes. The property's size and zoning make it ideal for a multi-unit residential project, adding to the already thriving Pelham community. However, any development plans will require approval from the Pelham Zoning Board. The property is offered fee simple, providing clear and unencumbered ownership. The Shelby County location, with its convenient access to amenities and infrastructure, further enhances the investment potential. The APN is 13-7-25-2-001-001.000. This is a unique chance to acquire a substantial residential lot in a sought-after area, ready for your vision. The property's address is Midridge Ln, Pelham, AL 35124. Don't miss this chance to build your dream project.

    Property Features for 0 Mid Ridge Ln

    General Information

    Property type
    Land
    Lot Size
    342,817 SF

    HighLights

    • $175,000 asking price.
    • 7.87‑acre residential land parcel.
    • Located in Pelham, Alabama, Shelby County, zip code 35124.
    • RT zoning.
    • APN: 13‑7‑25‑2‑001‑001.000.
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.807895864708
    Latitude
    33.271282965961

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    FAQs

    What type of property is this?
    Land - 7.87-acre residential lot, prime location.
    Where is this land located?
    The property is located at Mid Ridge Ln Pelham, 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: $175,000 asking price.; 7.87-acre residential land parcel.; Located in Pelham, Alabama, Shelby County, zip code 35124.
    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
    Mid Ridge Ln Pelham, AL 35124
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