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    231 Hwy Montgomery, AL 36116

    For Sale
    Contact for pricing

    155 Acres, Prime Location, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 155-acre commercial land parcel presents a significant investment opportunity in Montgomery, Alabama. Located on S Hwy 231, this property enjoys a high-traffic location with an average annual daily traffic count of approximately 23,320 vehicles on Troy Highway. Its strategic position offers convenient access to major transportation arteries, including proximity to I-85 (approximately 5.3 miles) and I-65 (approximately 7.7 miles). The property is zoned M-1 & R-65-M, allowing for diverse development options including retail, industrial, and residential uses. Several parcels are available, ranging in size from 0.68 acres to 31.9 acres, catering to various project scales. The site's proximity to Maxwell Air Force Base (approximately 14.4 miles), serving a community of 25,000 active duty personnel, contractors, and retirees, as well as the Air Force University with 20,000 annual attendees, provides access to a substantial and stable population base. This expansive acreage offers ample space for large-scale developments, capitalizing on the high visibility and strong demographics of this desirable Montgomery location. The diverse zoning allows for flexibility in project planning, making this a truly unique and compelling investment opportunity.

    Property Features for 231 Hwy

    General Information

    Property type
    Land
    Lot Size
    6,751,800 SF

    HighLights

    • 20.5‑acre light industrial parcel (M‑1 zoning).
    • 0.68‑acre light industrial parcel (M‑1 zoning).
    • 4.05‑acre light industrial parcel (M‑1 zoning).
    • 10.1‑acre light industrial parcel (M‑1 zoning).
    • 25.9‑acre parcel with light industrial (M‑1) and residential (R‑65‑m) zoning.
    • 16.5‑acre residential parcel (R‑65‑m zoning).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.205476
    Latitude
    32.3017466

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    FAQs

    What type of property is this?
    Land - 155 Acres, Prime Location, High Traffic
    Where is this land located?
    The property is located at 231 Hwy Montgomery, AL.
    What are key features of this property?
    This property features: 20.5-acre light industrial parcel (M-1 zoning).; 0.68-acre light industrial parcel (M-1 zoning).; 4.05-acre light industrial parcel (M-1 zoning).
    Request Owner's contact information
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    Montgomery, AL 36116
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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
    231 Hwy Montgomery, AL 36116
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