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    5388 Main Dr New Hope, AL 35760

    For Sale
    $189,900

    Prime 0.46-acre lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.46-acre commercial land parcel is ideally situated in the heart of downtown New Hope, Alabama, offering unparalleled visibility and accessibility. Located at 5388 Main Drive, this property boasts 87 feet of frontage on Main Drive, providing significant street presence. The lot is zoned B-1, opening up a wide range of development possibilities for businesses seeking a prominent location. Its convenient downtown location places it adjacent to the New Hope City Plaza Public Library and directly across from New Hope Telecommunications, ensuring high traffic and foot traffic. The property is already prepared for construction, with the land leveled and a building pad already completed, saving significant time and expense for future development. This turnkey opportunity presents a rare chance to establish a thriving business in a highly desirable and rapidly growing area. The asking price for this exceptional property is $189,900. Don't miss this chance to secure a prime commercial location in the vibrant downtown New Hope area. The property is located in Madison County, Alabama, zip code 35760.

    Property Features for 5388 Main Dr

    General Information

    Property type
    Land
    Lot Size
    20,038 SF

    HighLights

    • 87' of Main Drive frontage.
    • Downtown New Hope location.
    • Level lot with completed building pad.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Madison
    State
    Alabama
    Longitude
    -86.3969902
    Latitude
    34.5389689

    Nearby Comparable

    • $189,900

      Prime Commercial Land in New Hope

      Commercial land for development in a sought-after location.
      5388 Main Dr, New Hope, AL 35760
      View Details
    • $595,000
      2.70 Acres

      New Hope Manufacturing Facility

      16,240 SF manufacturing facility on 2.7 acres in New Hope.
      1453 Johnson Ave, New Hope, AL 35760
      View Details
    • $269,000
      3.30 Acres

      Unrestricted Commercial Property on Highway

      3.30 acres with 750 feet of highway frontage.
      431 Al Us Hwy, New Hope, AL 35760
      View Details

    Nearby Similar for Sale

    • $595,000
      2.70 Acres

      New Hope Manufacturing Facility

      16,240 SF manufacturing facility on 2.7 acres in New Hope.
      1453 Johnson Ave, New Hope, AL 35760
      View Details
    • $335,000
      1.97 Acres

      Retail Property on 1.9 Acres

      Established business opportunity near Marshall County line in New Hope.
      Highway 431 S, New Hope, AL 35760
      View Details

    FAQs

    What type of property is this?
    Land - Prime 0.46-acre lot, high visibility.
    Where is this land located?
    The property is located at 5388 Main Dr New Hope, AL.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: 87' of Main Drive frontage.; Downtown New Hope location.; Level lot with completed building pad.
    (256) 533-0003
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    5388 Main Dr New Hope, AL 35760
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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
    5388 Main Dr New Hope, AL 35760
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