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    5296 Wall Triana Hwy Madison, AL 35758

    Sponsored
    For Sale
    $299,000

    1.93 Acres, R-1A Zoning, High Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.93-acre residential lot presents a remarkable investment opportunity in the heart of Madison, Alabama. Located at 5296 Wall Triana Hwy, 35758, this property boasts an enviable location, approximately 100 yards from a newly constructed IGA grocery store and Exxon Mobile service station, ensuring convenient access to daily necessities. The R-1A zoning permits a density of 2.45 residential units per acre, offering significant development potential. Furthermore, the property benefits from its proximity to Madison's highly-rated school district, a key attraction for families. The strategic location is further enhanced by the planned development of a new restaurant and retail center at the intersection of Gillespie Rd. and Wall Triana Hwy, promising increased foot traffic and property value appreciation. This prime parcel offers a unique chance to capitalize on Madison's thriving residential market and build in a highly desirable neighborhood. The lot size provides ample space for a variety of residential projects, making it an ideal investment for builders, developers, or those seeking to build their dream home. Don't miss this exceptional opportunity to acquire a piece of Madison's vibrant future.

    Property Features for 5296 Wall Triana Hwy

    General Information

    Property type
    Land
    Lot Size
    84,071 SF

    HighLights

    • Excellent walkability to shopping and dining.
    • Located in the desirable Madison School District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Gym & Fitness Skin Care Clinic Wholesale Shop Daycare Center Department Store Hotel & Motel HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Madison
    State
    Alabama
    Longitude
    -86.750133224903
    Latitude
    34.732144928229

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    FAQs

    What type of property is this?
    Land - 1.93 Acres, R-1A Zoning, High Growth Area
    Where is this land located?
    The property is located at 5296 Wall Triana Hwy Madison, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Excellent walkability to shopping and dining.; Located in the desirable Madison School District.;
    (256) 714-1300
    Request Owner's contact information
    5296 Wall Triana Hwy Madison, AL 35758
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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
    5296 Wall Triana Hwy Madison, AL 35758
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