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    348 Leisure Ln Birmingham, AL 35209

    For Sale
    $2,100,000

    5.38 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.38-acre commercial land parcel presents a remarkable investment opportunity in the highly desirable Homewood, Alabama area. Located at 348 Happy Ln and 350 Leisure Ln, Birmingham, AL 35209 (Jefferson County), this property offers unparalleled versatility for a wide range of commercial developments. Its prime location within a thriving neighborhood ensures high visibility and accessibility, making it an ideal site for various ventures. The expansive lot size provides ample space for ambitious projects, allowing for significant development potential. This coveted address in Homewood offers investors a unique chance to capitalize on the area's strong growth and create a significant return. The property's strategic positioning and substantial acreage make it a truly exceptional investment prospect, promising substantial returns for forward-thinking developers. The possibilities are endless, making this a rare opportunity to shape the future of a key location in Homewood. The asking price is $2,100,000.

    Property Features for 348 Leisure Ln

    General Information

    Property type
    Land
    Lot Size
    234,353 SF

    HighLights

    • 5.38‑acre site in desirable Homewood.
    • Excellent potential for various land uses and alternative investments.
    • Prime location in a thriving neighborhood.
    • Exceptional development opportunity.
    • Highly versatile property with diverse development potential.
    • Prestigious address ideal for a variety of investment strategies.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.840592
    Latitude
    33.434758

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    FAQs

    What type of property is this?
    Land - 5.38 Acres, Prime Development Site
    Where is this land located?
    The property is located at 348 Leisure Ln Birmingham, AL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: 5.38-acre site in desirable Homewood.; Excellent potential for various land uses and alternative investments.; Prime location in a thriving neighborhood.
    Request Owner's contact information
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    Birmingham, AL 35209
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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
    348 Leisure Ln Birmingham, AL 35209
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