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    5 Glory Way Florence, AL 35633

    For Sale
    $420,000

    1.55-acre commercial lot in prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.55-acre commercial lot, identified as Lot 5 Glory Way, presents a remarkable investment opportunity within the thriving Crosspoint Development in Florence, Alabama. Located in Lauderdale County, this property, zoned for commercial use, offers significant potential for a variety of businesses. The address is Lot 5 Glory Way, Florence, AL 35633, with GPS coordinates at 34.8354489 latitude and -87.6997318 longitude. The asking price for this expansive parcel is $420,000. Given its size and location within a developing commercial area, this lot is ideally suited for entrepreneurs seeking to establish a new business or for investors looking to capitalize on the growth potential of Crosspoint Development. The property is designated as "Special Purpose" land, suggesting a range of possible uses subject to local zoning regulations. This presents a unique chance to acquire a substantial piece of land in a rapidly growing area of Florence, Alabama. Serious inquiries are encouraged to explore the possibilities this property offers. The absence of existing structures allows for complete design flexibility, tailoring the development to specific business needs. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures.

    Property Features for 5 Glory Way

    General Information

    Property type
    Land
    Lot Size
    67,518 SF

    HighLights

    • $420,000 asking price.
    • 1.55‑acre commercial lot.
    • Located in Florence, Alabama, Lauderdale County, zip code 35633.
    • Designated as Special Purpose land.
    • Situated in the Crosspoint Development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Pharmacy Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6997318
    Latitude
    34.8354489

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    FAQs

    What type of property is this?
    Land - 1.55-acre commercial lot in prime location.
    Where is this land located?
    The property is located at 5 Glory Way Florence, AL.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: $420,000 asking price.; 1.55-acre commercial lot.; Located in Florence, Alabama, Lauderdale County, zip code 35633.
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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
    5 Glory Way Florence, AL 35633
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