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    Presbyterian Dr Decatur, AL 35603

    For Sale
    Contact for pricing

    Prime Decatur development opportunity. High-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 39.42-acre land parcel presents a significant development opportunity in Decatur, Alabama. Located off Beltline Road, near the Decatur Mall, this property boasts a B-2 General Business zoning designation, allowing for a diverse range of uses including retail, restaurants, and mixed-use developments. Multi-family housing is also permissible upon appeal, with no height restrictions and maximum density. The gently rolling, wooded terrain offers a desirable setting for a project catering to the area's substantial growth potential. Decatur faces a 50,000-workforce gap, making a mixed-use development with multi-family housing particularly attractive to young professionals. The area's strong retail presence, including the Decatur Mall, AMC Theatres, Publix, Target, Walmart, Walgreens, and Hobby Lobby, ensures high foot traffic and consumer demand. Furthermore, the proximity to Austin High School, Middle School, and Elementary School creates an ideal "live, work, and play" environment. With a population exceeding 21,000 within a 5-mile radius and projected growth, this property offers exceptional long-term investment potential, especially considering the city's planned $50 million development encompassing college dorms and a hotel. Contact us for pricing and detailed information.

    Property Features for 0 Presbyterian Dr

    General Information

    Property type
    Land
    Lot Size
    1,717,135 SF

    HighLights

    • Ideal for mixed‑use development.
    • Gently sloping, wooded site.
    • B‑2 General Business zoning.
    • Retail amenities nearby.
    • Schools (elementary, middle, and high) in close proximity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -87.02207
    Latitude
    34.57205

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    FAQs

    What type of property is this?
    Land - Prime Decatur development opportunity. High-growth area.
    Where is this land located?
    The property is located at Presbyterian Dr Decatur, AL.
    What are key features of this property?
    This property features: Ideal for mixed-use development.; Gently sloping, wooded site.; B-2 General Business zoning.
    Request Owner's contact information
    Presbyterian Dr Decatur, AL 35603
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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
    Presbyterian Dr Decatur, AL 35603
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