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    28120 Us-98 Daphne, AL 36526

    For Sale
    $440,000

    High-traffic US-98 lot, B-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.92-acre commercial lot presents a unique investment opportunity in Daphne, Alabama. Located on the east side of US Highway 98, this property boasts over 300 feet of frontage, ensuring high visibility and accessibility. The site is situated in a thriving retail corridor, benefiting from a daily traffic count exceeding 39,000 vehicles. Its strategic location adjacent to a Goodyear store further enhances its desirability. The property is zoned B-1 by the City of Daphne, offering a range of potential commercial uses. The asking price is $440,000, translating to approximately $478,261 per acre. With a total land area of 41,000 square feet, the list price per square foot is $10.98. Currently, the land is vacant, presenting a blank canvas for development. The lease on any existing structure expires October 29, 2024, representing a short remaining lease term of approximately 0.3 years. This prime location, coupled with its high traffic volume and favorable zoning, makes this property an ideal investment for developers and businesses seeking a prominent presence in Daphne's bustling commercial landscape. The property's address is 28120 US-98, Daphne, AL 36526, within Baldwin County.

    Property Features for 28120 Us-98

    General Information

    Property type
    Land
    Lot Size
    40,075 SF

    HighLights

    • 0.92‑acre commercial lot in Daphne, AL, priced at $440,000.
    • 41,000 SF lot with 300+ feet of US Highway 98 frontage.
    • High‑traffic location (39,000+ vehicles daily) near Goodyear.
    • B‑1 zoning allows for various commercial uses.
    • Currently vacant; existing lease expires October 29, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.911592
    Latitude
    30.634814

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    FAQs

    What type of property is this?
    Land - High-traffic US-98 lot, B-1 zoning.
    Where is this land located?
    The property is located at 28120 Us-98 Daphne, AL.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: 0.92-acre commercial lot in Daphne, AL, priced at $440,000.; 41,000 SF lot with 300+ feet of US Highway 98 frontage.; High-traffic location (39,000+ vehicles daily) near Goodyear.
    (251) 342-7229
    Request Owner's contact information
    28120 Us-98 Daphne, AL 36526
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    Daphne, AL 36526
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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
    28120 Us-98 Daphne, AL 36526
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