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    Highway 72 Killen, AL 35645

    For Sale
    $408,000

    13 Duplex Units Ready - Agricultural Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 408,000 dollar agricultural land parcel, located at 0 Highway 72 in Killen, Alabama (zip code 35645), presents a unique investment opportunity. Situated in Lauderdale County, this property boasts R-4 multifamily zoning, making it ideal for the development of residential units. The land has already undergone significant preparation, including grading for thirteen duplex units, significantly reducing development time and costs for the prospective buyer. Crucially, the Alabama Department of Transportation (ALDOT) has approved ingress and egress access to the property, ensuring seamless connectivity and future development feasibility. All necessary documentation pertaining to zoning, grading, and ALDOT approvals is readily available upon execution of a purchase and sale agreement. The property's latitude and longitude coordinates are 34.8809517 and -87.5000082 respectively. This ready-to-develop site offers a streamlined path to realizing a substantial multifamily housing project in a desirable Alabama location. The property is classified as agricultural land with a subtype of "Other". This is a turnkey opportunity for developers seeking a fast-track project with pre-approved infrastructure.

    Property Features for 0 Highway 72

    General Information

    Property type
    Farms

    HighLights

    • 408,000 SF agricultural land parcel in Killen, AL (35645).
    • R‑4 multifamily zoning allows for residential development.
    • Site is graded for thirteen duplex units, minimizing development time and costs.
    • ALDOT‑approved ingress/egress access ensures seamless connectivity.
    • All necessary permits and approvals are available upon contract execution.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Killen
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.5000082
    Latitude
    34.8809517

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    FAQs

    What type of property is this?
    Farm - 13 Duplex Units Ready - Agricultural Land
    Where is this farm located?
    The property is located at Highway 72 Killen, AL.
    What is the asking price?
    The asking price for this property is $408,000.
    What are key features of this property?
    This property features: 408,000 SF agricultural land parcel in Killen, AL (35645).; R-4 multifamily zoning allows for residential development.; Site is graded for thirteen duplex units, minimizing development time and costs.
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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 72 Killen, AL 35645
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