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    431 No Phenix City Al 36867 Phenix City, AL 36867

    For Sale
    $950,000

    7 Acres, High Traffic Location, $950,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 7-acre commercial land parcel presents a remarkable investment opportunity in the heart of Phenix City, Alabama. Located on US 431 NO, 36867, this property boasts a highly desirable location with excellent visibility and accessibility. The asking price is $950,000, translating to $135,000 per acre, reflecting the significant potential for development. The land is conveniently situated near a shopping center, providing easy access from the south. Given its prime location and high traffic volume, this site is ideally suited for a variety of commercial ventures. The marketing materials suggest the property is particularly well-suited for an apartment complex, capitalizing on the strong demand for housing in the area. However, the versatility of this large parcel allows for a wide range of development possibilities, catering to diverse commercial needs. This is a rare chance to acquire a substantial piece of land in a thriving Alabama city, offering significant returns for the discerning investor. The property's location in Russell County ensures access to a robust infrastructure and a growing community. This is a truly exceptional opportunity to build and thrive in a dynamic and rapidly developing market. Don't miss this chance to secure a prime piece of Phenix City real estate.

    Property Features for 431 No Phenix City Al 36867

    General Information

    Property type
    Land

    HighLights

    • 7‑acre commercial land parcel in Phenix City, AL, on US 431.
    • Asking price: $950,000 ($135,000/acre).
    • High visibility and accessibility; near a shopping center.
    • Suitable for various commercial uses, including apartment complexes.
    • Located in Russell County, offering strong infrastructure and growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Phenix City
    County
    russell
    State
    Alabama
    Longitude
    -85.0304033
    Latitude
    32.4766969

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    FAQs

    What type of property is this?
    Land - 7 Acres, High Traffic Location, $950,000
    Where is this land located?
    The property is located at 431 No Phenix City Al 36867 Phenix City, AL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 7-acre commercial land parcel in Phenix City, AL, on US 431.; Asking price: $950,000 ($135,000/acre).; High visibility and accessibility; near a shopping center.
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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
    431 No Phenix City Al 36867 Phenix City, AL 36867
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