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    Highway 31 Decatur, AL 35603

    For Sale
    $165,000

    1.4 Acres, High-Traffic Location, B-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.4-acre commercial land parcel presents a prime investment opportunity in Decatur, Alabama. Strategically located on Highway 31 South, this property boasts over 255 feet of frontage, ensuring high visibility and accessibility for any business. The B-2 (General Business) zoning allows for a wide range of commercial uses, making it ideal for various ventures. The lot is partially wooded, offering a blend of natural beauty and development potential. Its convenient location places it within minutes of key transportation arteries, including Beltline Road, 6th Avenue, and Interstate 65, as well as nearby towns like Priceville and Hartselle. This property's combination of size, location, and zoning makes it an attractive prospect for developers and entrepreneurs seeking a strong foothold in a thriving market. The asking price is $165,000. The property is situated in Morgan County, Alabama, with a zip code of 35603. This is a rare opportunity to acquire a significant commercial land holding in a high-growth area.

    Property Features for 0 Highway 31

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • Partially wooded 1.4‑acre lot.
    • Over 255 feet of highway frontage on Highway 31 South.
    • Prime Decatur, AL location, minutes from Beltline Road, 6th Avenue, I‑65, Priceville, and Hartselle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.970360259561
    Latitude
    34.523426683343

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    FAQs

    What type of property is this?
    Land - 1.4 Acres, High-Traffic Location, B-2 Zoning
    Where is this land located?
    The property is located at Highway 31 Decatur, AL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Partially wooded 1.4-acre lot.; Over 255 feet of highway frontage on Highway 31 South.; Prime Decatur, AL location, minutes from Beltline Road, 6th Avenue, I-65, Priceville, and Hartselle.
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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
    Highway 31 Decatur, AL 35603
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