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    1 Glory Way Florence, AL 35633

    For Sale
    $499,900

    1.81 Acres, $499,900

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.81-acre commercial lot presents a unique investment opportunity in the thriving Crosspoint Development in Florence, Alabama. Located at Lot 1 Glory Way, this property, designated as Special Purpose land, offers significant potential for a variety of commercial ventures. The asking price is $499,900. Situated in Lauderdale County, Alabama, with a zip code of 35633, this parcel boasts a prime location within a dynamic commercial area. Its size provides ample space for development, catering to businesses requiring substantial land area. The property's precise coordinates are latitude 34.8354489 and longitude -87.6997318, allowing for easy location verification and site planning. Given its classification as "Special Purpose" land, prospective buyers should conduct their own due diligence to determine the suitability of the land for their intended use, confirming all zoning regulations and development restrictions with the relevant authorities in Florence, Alabama. This is a rare opportunity to acquire a significant commercial lot in a rapidly growing area, offering substantial returns for the right development project. The property is ready for immediate development, presenting a blank canvas for a visionary entrepreneur or developer.

    Property Features for 1 Glory Way

    General Information

    Property type
    Land
    Lot Size
    78,844 SF

    HighLights

    • 1.81‑acre commercial lot in Florence, Alabama's Crosspoint Development, priced at $499,900.
    • Designated Special Purpose land, ideal for various commercial uses.
    • Located at Lot 1 Glory Way, Lauderdale County, AL 35633.
    • Coordinates: 34.8354489, -87.6997318.
    • Buyer to conduct due diligence regarding zoning and development restrictions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Pharmacy Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6997318
    Latitude
    34.8354489

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    FAQs

    What type of property is this?
    Land - 1.81 Acres, $499,900
    Where is this land located?
    The property is located at 1 Glory Way Florence, AL.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: 1.81-acre commercial lot in Florence, Alabama's Crosspoint Development, priced at $499,900.; Designated Special Purpose land, ideal for various commercial uses.; Located at Lot 1 Glory Way, Lauderdale County, AL 35633.
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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
    1 Glory Way Florence, AL 35633
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