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    31 1.5 +/- Acre Cor Hwy Pelham, AL 35124

    For Sale
    $875,000

    1.5-acre commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.5 +/- acre commercial property boasts an unbeatable location at the corner of Highway 31 and Vance Street in Pelham, Alabama (zip code 35124). The lot offers over 300 feet of prime frontage on Highway 31, ensuring exceptional visibility and accessibility for any business. Situated in Shelby County, this corner lot presents a rare opportunity for high-impact commercial development. All utilities are readily available, making development seamless and efficient. The property's strategic location on a major commuting thoroughfare makes it ideal for a variety of uses, including restaurants, convenience stores, retail establishments, medical facilities, or office spaces. The high traffic count and excellent visibility promise significant exposure and potential for strong returns. This is a truly remarkable opportunity to acquire a highly desirable commercial parcel in a thriving Alabama market. Don't miss this chance to secure a prime location for your next venture.

    Property Features for 31 1.5 +/- Acre Cor Hwy

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.811654484337
    Latitude
    33.292468750996

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    FAQs

    What type of property is this?
    Land - 1.5-acre commercial land, high visibility.
    Where is this land located?
    The property is located at 31 1.5 +/- Acre Cor Hwy Pelham, AL.
    What is the asking price?
    The asking price for this property is $875,000.
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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
    31 1.5 +/- Acre Cor Hwy Pelham, AL 35124
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