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    Al-59 Summerdale, AL 36580

    For Sale
    $518,000

    Prime Commercial Land: Hwy 59 frontage, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional commercial land parcel, totaling 40,000 square feet, presents a remarkable investment opportunity in Summerdale, Alabama. Located on Highway 59, this property boasts excellent visibility and high traffic counts, ensuring maximum exposure for any commercial venture. The land is comprised of two lots, each measuring 100 feet by 200 feet, providing ample space for development. The property is zoned B2, according to Summerdale's Planning and Zoning department, offering a range of potential uses. Situated conveniently south of County Road 32 and adjacent to a Waffle House, this location benefits from established infrastructure and high consumer traffic. A Lamar billboard is currently leased on the property's frontage (lease details available upon request). The parcel numbers are 304563 and 304564. The asking price is $518,000, translating to a land value of $12.95 per square foot. This represents a compelling opportunity to acquire a strategically located commercial property with significant development potential in a thriving area. Don't miss this chance to secure a prime piece of Alabama real estate.

    Property Features for 0 Al-59

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Summerdale
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7002381
    Latitude
    30.4698635

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land: Hwy 59 frontage, high visibility.
    Where is this land located?
    The property is located at Al-59 Summerdale, AL.
    What is the asking price?
    The asking price for this property is $518,000.
    Request Owner's contact information
    Al-59 Summerdale, AL 36580
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    Summerdale, AL 36580
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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
    Al-59 Summerdale, AL 36580
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