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    5911 Us-231 Wetumpka, AL 36092

    For Sale
    $1,600,000

    High-traffic Wetumpka commercial lot.

    Property size:
    100,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 100,000-120,000 square foot commercial lot is ideally situated on Highway 231 in Wetumpka, Alabama, directly across from the Wind Creek Casino. Boasting a prime location in a rapidly expanding market, this property offers unparalleled visibility and high traffic counts, making it perfect for a variety of commercial developments. The property is zoned for business and commercial use, providing flexibility for various projects. With 50 parking spaces already available, this lot is ready for immediate development. The asking price is $1,600,000. Comprehensive information is available, including aerial photos, surveys, and tax records. Possession is granted at closing. This unique opportunity combines the advantages of a high-traffic location adjacent to a major casino and a thriving downtown area, presenting a compelling investment prospect for hotels, restaurants, or multiple retail establishments. Don't miss this chance to capitalize on the growth of Wetumpka, Alabama, and the significant foot traffic generated by the nearby casino.

    Property Features for 5911 Us-231

    General Information

    Property type
    Land
    Square Feet
    100,000 SF

    HighLights

    • Other Construction Type
    • Business/Commercial Zoning
    • Other Location
    • Loan Not Assumable
    • Aerial Photo & Survey Available, Tax Records Provided
    • No Included Expenses
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.2112587
    Latitude
    32.518135

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    FAQs

    What type of property is this?
    Land - High-traffic Wetumpka commercial lot.
    Where is this land located?
    The property is located at 5911 Us-231 Wetumpka, AL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Other Construction Type; Business/Commercial Zoning; Other Location
    Request Owner's contact information
    5911 Us-231 Wetumpka, AL 36092
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    Wetumpka, AL 36092
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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
    5911 Us-231 Wetumpka, AL 36092
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