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    Chandalar Dr Pelham, AL 35124

    For Sale
    $160,000

    1.17-acre commercial lot, prime Pelham location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1.17-acre commercial lot, located at the intersection of Chandalar Drive and Chandalar Court in Pelham, Alabama, presents a unique investment opportunity. Zoned Office-Institutional (O-I), this property is perfectly suited for a variety of professional, medical, or educational developments. Its strategic location offers unparalleled accessibility and visibility, situated just 250 yards from Pelham Parkway, providing easy access to the area's main commercial corridor and Interstate 65. The property boasts a picturesque setting overlooking the tranquil Carroll Park, offering a serene environment while maintaining convenient access to Pelham's thriving business community. All utilities are available on-site. The lot consists of two parcels, identified by APN 13-1-01-4-002-061.001, and is ready for development. This combination of prime location, convenient access, and serene surroundings creates an ideal foundation for a successful and distinctive establishment. The asking price for this exceptional property is $160,000.

    Property Features for 0 Chandalar Dr

    General Information

    Property type
    Land
    Lot Size
    50,965 SF

    HighLights

    • All utilities are available on‑site.
    • Zoned Office‑Institutional (O‑I).
    • Two contiguous parcels included.
    • Excellent access to Pelham Parkway and I‑65.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8026502
    Latitude
    33.3167602

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    FAQs

    What type of property is this?
    Land - 1.17-acre commercial lot, prime Pelham location.
    Where is this land located?
    The property is located at Chandalar Dr Pelham, AL.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: All utilities are available on-site.; Zoned Office-Institutional (O-I).; Two contiguous parcels included.
    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
    Chandalar Dr Pelham, AL 35124
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