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    Hwy 31 Spanish Fort, AL 36527

    Sponsored
    For Sale
    $2,485,000

    9.5 Acres, I-10 Access, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9.5-acre parcel in Baldwin County, Alabama, presents a prime development opportunity. Strategically located off I-10 with frontage on Highway 31 and Eastern Shore Boulevard, this property enjoys unparalleled access and visibility. Zoned B-3 Community Business, it offers flexibility for a variety of commercial developments. The land is situated adjacent to the Eastern Shore Centre, a thriving shopping center anchored by major retailers such as Belk, Dillards, and Premiere Cinema 14, ensuring high traffic and consumer density. This location in Spanish Fort, AL (zip code 36527), benefits from being in one of Alabama's fastest-growing counties, promising significant future appreciation. The property's size allows for the potential creation of a three-lot subdivision, with common off-site detention already planned. This presents a unique chance to capitalize on the booming retail sector in this dynamic area. Detailed site plans and further information are available upon request. The asking price for this exceptional development opportunity is $2,485,000.

    Property Features for 0 Hwy 31

    General Information

    Property type
    Land
    Lot Size
    413,820 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spanish Fort
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8435581
    Latitude
    30.6767698

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      Hwy 31 Commercial Land - Alabama

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    • Contact for pricing

      187 Acres of Raw Land

      Raw land available in Spanish Fort, Alabama.
      10758 Old Highway 31, Spanish Fort, AL 36527
      View Details

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    FAQs

    What type of property is this?
    Land - 9.5 Acres, I-10 Access, High-Growth Area
    Where is this land located?
    The property is located at Hwy 31 Spanish Fort, AL.
    What is the asking price?
    The asking price for this property is $2,485,000.
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    Hwy 31 Spanish Fort, AL 36527
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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
    Hwy 31 Spanish Fort, AL 36527
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