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    3735 Highway 31 Decatur, AL 35603

    For Sale
    $1,200,000

    10.51 Acres, Decatur, AL - $1.2M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 10.51-acre commercial land parcel presents a significant investment opportunity in Decatur, Alabama. Strategically located on Highway 31 South, this property boasts excellent visibility and accessibility, making it ideal for a wide range of commercial ventures. The property's zoning designation, encompassing both B-2 and B-6 classifications, allows for diverse development possibilities, catering to various business needs. Its prime location offers close proximity to a substantial concentration of established industrial and retail businesses, ensuring high traffic volume and potential customer base. The expansive lot size provides ample space for large-scale projects, offering flexibility in design and construction. With its convenient access to Highway 31 South, this property enjoys seamless connectivity to major transportation routes, facilitating efficient logistics and convenient commutes for employees and customers alike. The asking price for this remarkable property is $1,200,000. This represents a compelling investment opportunity in a thriving commercial corridor, promising significant returns for the discerning buyer. The property is situated in Morgan County, Alabama, with a zip code of 35603, and its precise coordinates are 34.5353675 latitude and -86.9746485 longitude. This prime location and flexible zoning make this a truly exceptional opportunity.

    Property Features for 3735 Highway 31

    General Information

    Property type
    Land
    Lot Size
    457,816 SF

    HighLights

    • 10.51‑acre commercial land parcel in Decatur, AL.
    • Excellent visibility and accessibility on Highway 31 South.
    • B‑2 and B‑6 zoning allows diverse development.
    • High traffic volume due to proximity to industrial and retail businesses.
    • Ample space for large‑scale projects.
    • $1,200,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9746485
    Latitude
    34.5353675

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    FAQs

    What type of property is this?
    Land - 10.51 Acres, Decatur, AL - $1.2M
    Where is this land located?
    The property is located at 3735 Highway 31 Decatur, AL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 10.51-acre commercial land parcel in Decatur, AL.; Excellent visibility and accessibility on Highway 31 South.; B-2 and B-6 zoning allows diverse development.
    Request Owner's contact information
    3735 Highway 31 Decatur, AL 35603
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    Decatur, AL 35603
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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
    3735 Highway 31 Decatur, AL 35603
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