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    1207 Somerville Rd Decatur, AL 35601

    For Sale
    $168,000

    14,000 SF Commercial Lot, $168k

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 14,000 square foot commercial lot presents a prime development opportunity in Decatur, Alabama. Ideally situated at 1207 Somerville Rd SE, this property boasts 100 feet of frontage on a busy thoroughfare, offering excellent visibility and accessibility. Its dimensions measure approximately 100 feet by 140 feet. The lot is zoned M-C, allowing for a variety of medical-related commercial developments. A significant advantage is its location adjacent to Decatur-Morgan Hospital, ensuring high traffic and a strong potential customer base. Further enhancing its appeal, this property is conveniently located outside of any designated flood zones, minimizing risk and simplifying development plans. All essential utilities are readily available, streamlining the construction process and reducing upfront costs. This is a rare chance to acquire a well-positioned, ready-to-develop parcel in a thriving medical corridor. The asking price is $168,000. Don't miss this opportunity to secure a valuable asset in a high-demand area. The property is located in Morgan County, Alabama, zip code 35601.

    Property Features for 1207 Somerville Rd

    General Information

    Property type
    Medical space

    HighLights

    • $168,000 asking price.
    • 14,000 SF commercial land parcel.
    • Located at 1207 Somerville Rd SE, Decatur, AL 35601.
    • M‑C zoning.
    • Prime location adjacent to Decatur‑Morgan Hospital.
    • 100' frontage on Somerville Rd.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9730825
    Latitude
    34.5888171

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    FAQs

    What type of property is this?
    Medical space - 14,000 SF Commercial Lot, $168k
    Where is this medical space located?
    The property is located at 1207 Somerville Rd Decatur, AL.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: $168,000 asking price.; 14,000 SF commercial land parcel.; Located at 1207 Somerville Rd SE, Decatur, AL 35601.
    (256) 355-0721
    Request Owner's contact information
    1207 Somerville Rd Decatur, AL 35601
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    Decatur, AL 35601
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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
    1207 Somerville Rd Decatur, AL 35601
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