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    10051 Us-431 New Hope, AL 35760

    For Sale
    $429,000

    New Hope, AL commercial land opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 7+ acre property boasts approximately 500 feet of frontage along US Highway 431, a major north-south corridor in Alabama with over 22,000 vehicles daily. Located within the New Hope city limits (population 3,000+), this land offers significant commercial development potential. The property is strategically situated in the Huntsville metro area (population approximately 500,000), providing access to a large consumer base. The zoning is dual-purpose, with B2 zoning in the front and R1 zoning in the rear, allowing for diverse development options. An existing condemned house on the property has zero assessed value. A separate, unconnected tiny house is present but not included in the sale, though it may be available for separate purchase. The location is advantageous, with nearby commercial establishments including a bank and restaurant. The asking price for this high-traffic, versatile property is $429,000. This presents a unique opportunity for investors and developers seeking a prime location with excellent visibility and diverse zoning possibilities. The property's size and highway frontage make it ideal for a variety of commercial ventures, while the R1 zoning opens up possibilities for residential development as well. This is a rare chance to acquire a substantial parcel of land in a growing area with high traffic volume and excellent potential for return on investment.

    Property Features for 10051 Us-431

    General Information

    Property type
    Land
    Lot Size
    304,920 SF

    HighLights

    • 7+ acre tract with 500+ ft of highway frontage on US Hwy 431 in New Hope, AL.
    • High‑traffic location (22,000+ VPD) within the Huntsville MSA (500,000+ population).
    • New Hope city limits; B2 & R1 zoning.
    • Includes a condemned house (zero value).
    • Separate tiny house available for separate purchase.
    • Excellent visibility near bank and other commercial businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Hope
    County
    Madison
    State
    Alabama
    Longitude
    -86.434578
    Latitude
    34.552845

    Nearby Comparable

    • $474,500
      7.00 Acres

      Highway Frontage Acreage in New Hope

      7+ acres with highway frontage in New Hope, Alabama.
      10051 Highway 431, New Hope, AL 35760
      View Details
    • $89,900
      1.10 Acres

      New Hope Commercial Development Land

      1.10 acre tract ideal for development in New Hope.
      4645 Main Dr, New Hope, AL 35760
      View Details
    • $1,750,000
      24.00 Acres

      24 Acres Hwy 431 Commercial Land

      Prime AL location, commercial & residential potential.
      0 Ed Spears Rd, Owens Cross Roads, AL 35763
      View Details

    Nearby Similar for Sale

    • $595,000
      2.70 Acres

      New Hope Manufacturing Facility

      16,240 SF manufacturing facility on 2.7 acres in New Hope.
      1453 Johnson Ave, New Hope, AL 35760
      View Details
    • $335,000
      1.97 Acres

      Retail Property on 1.9 Acres

      Established business opportunity near Marshall County line in New Hope.
      Highway 431 S, New Hope, AL 35760
      View Details

    FAQs

    What type of property is this?
    Land - New Hope, AL commercial land opportunity.
    Where is this land located?
    The property is located at 10051 Us-431 New Hope, AL.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: 7+ acre tract with 500+ ft of highway frontage on US Hwy 431 in New Hope, AL.; High-traffic location (22,000+ VPD) within the Huntsville MSA (500,000+ population).; New Hope city limits; B2 & R1 zoning.
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    New Hope, AL 35760
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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
    10051 Us-431 New Hope, AL 35760
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