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    Scott St Montevallo, AL 35115

    For Sale
    $685,000

    9 Acres, Approved for 46 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 9.29-acre parcel in Montevallo, Alabama, presents a unique investment opportunity. Located in Shelby County, with a 35115 zip code, this land is zoned R-2 SD by the City of Montevallo and has already received approval for the construction of a 46-unit apartment complex. The site boasts convenient access to utilities, including sanitary sewer, making development straightforward and cost-effective. A detailed site plan is readily available for review, outlining the approved building layout and infrastructure. The property's prime location offers a significant advantage, situated within walking distance (0.4 to 0.6 miles) of the University of Montevallo campus, ensuring high occupancy potential and strong rental demand. The address is on Scott Street. This is a rare chance to acquire a fully permitted development site in a thriving Alabama community, poised for immediate construction and substantial returns. The asking price for this exceptional property is $685,000. The property's latitude and longitude coordinates are 33.1078495 and -86.8549766 respectively.

    Property Features for 0 Scott St

    General Information

    Property type
    Land
    Lot Size
    404,672 SF

    HighLights

    • $685,000 asking price for 9.29 acres of land zoned for residential development.
    • Approved for 46 apartment units.
    • Located within walking distance of the University of Montevallo.
    • Site plan available upon request.
    • Utilities, including sewer, on‑site.
    • R‑2 SD zoning in Montevallo, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montevallo
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8549766
    Latitude
    33.1078495

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    FAQs

    What type of property is this?
    Land - 9 Acres, Approved for 46 Units
    Where is this land located?
    The property is located at Scott St Montevallo, AL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: $685,000 asking price for 9.29 acres of land zoned for residential development.; Approved for 46 apartment units.; Located within walking distance of the University of Montevallo.
    (205) 478-7805
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    Scott St Montevallo, AL 35115
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    Montevallo, AL 35115
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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
    Scott St Montevallo, AL 35115
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