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    Hwy 231-431 Huntsville, AL 35810

    For Sale
    $1,750,000

    Prime Hwy 231/431 location, high development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 13.3-acre commercial land parcel presents a unique investment opportunity in Huntsville, Alabama. Strategically located just south of the forthcoming Northern Bypass on Highway 231/431, this property boasts significant development potential. The majority of the land is zoned R2B in the front, transitioning to R1 zoning in the rear. This zoning offers flexibility for a variety of uses. Notably, neighboring land to the north has recently been rezoned C4, suggesting a positive trend in the area's commercial development. The property's prime highway frontage makes it highly visible and easily accessible, ideal for businesses requiring high traffic exposure. Potential uses include multi-family residential development, high-density housing projects, office/commercial buildings, and storage facilities. The asking price for this exceptional property is $1,750,000. Given its location, zoning, and potential for diverse development, this 13.3-acre tract represents a compelling investment opportunity in a rapidly growing area of Huntsville, Madison County, Alabama, zip code 35810. Contact us today to learn more about this remarkable property and explore its development possibilities.

    Property Features for 0 Hwy 231-431

    General Information

    Property type
    Land
    Lot Size
    579,348 SF

    HighLights

    • Ideal for multifamily and high‑density residential development, with excellent office/commercial frontage and potential for ancillary storage units.
    • Prime location offering strong potential for diverse uses including multifamily, commercial, and self‑storage.
    • High‑density zoning allows for a variety of development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Huntsville
    County
    Madison
    State
    Alabama
    Longitude
    -86.571595383322
    Latitude
    34.820641002296

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    FAQs

    What type of property is this?
    Land - Prime Hwy 231/431 location, high development potential.
    Where is this land located?
    The property is located at Hwy 231-431 Huntsville, AL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Ideal for multifamily and high-density residential development, with excellent office/commercial frontage and potential for ancillary storage units.; Prime location offering strong potential for diverse uses including multifamily, commercial, and self-storage.; High-density zoning allows for a variety of development options.
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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
    Hwy 231-431 Huntsville, AL 35810
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