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    Perry Hill Rd Montgomery, AL 36109

    For Sale
    Contact for pricing

    119 Acres, R-60-M Zoning, Apartment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 119-acre commercial land parcel presents a significant investment opportunity in Montgomery, Alabama. Strategically located off Perry Hill Road in Midtown Montgomery, this property boasts convenient access to Interstate 85 via Exit 4, ensuring high visibility and easy commutes. The land is zoned R-60-M, making it ideally suited for high-density residential development, such as apartment complexes. The seller is willing to divide the property, offering flexibility for various development scales. With immediate possession available, this prime location offers substantial potential for developers seeking to capitalize on the growing demand for housing in the area. The asking price is $45,000 per acre, representing a compelling value for this sizable tract of land with its advantageous zoning and location. The property's size and zoning regulations provide ample opportunity for a substantial return on investment. This is a rare chance to acquire a significant land holding in a thriving Montgomery neighborhood with excellent access to major transportation arteries. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity.

    Property Features for 0 Perry Hill Rd

    General Information

    Property type
    Land
    Lot Size
    5,183,640 SF

    HighLights

    • Sale Price: $45,000/Acre
    • Lot Size: ±119 Acres (divisible)
    • I‑85 Access: Exit 4
    • Zoning: R‑60‑M (High‑Density Residential)
    • Best Use: Apartment Complex
    • Excellent Visibility
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.23961005
    Latitude
    32.35999488

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    FAQs

    What type of property is this?
    Land - 119 Acres, R-60-M Zoning, Apartment Potential
    Where is this land located?
    The property is located at Perry Hill Rd Montgomery, AL.
    What are key features of this property?
    This property features: Sale Price: $45,000/Acre; Lot Size: ±119 Acres (divisible); I-85 Access: Exit 4
    Request Owner's contact information
    Perry Hill Rd Montgomery, AL 36109
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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
    Perry Hill Rd Montgomery, AL 36109
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