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Property profile & analytics
OFF-MARKET
Land

389 Co Rd Courtland, AL 35618

Property ID
Property summary
AI-generated overview

This exceptional commercial land offering in Courtland, Alabama, comprises nine parcels totaling approximately 27 acres with significant frontage on Highway 20 and County Road 389. Two parcels are outside Courtland city limits. The majority of the land is zoned A2/A3, but rezoning for commercial use is possible. All parcels benefit from three-phase power access. A key advantage is the scarcity of businesses along this stretch of Highway 20, presenting a unique opportunity for various commercial ventures, including grocery stores, restaurants, and travel centers—a significant need in Courtland, which currently lacks sufficient options. The main two parcels, totaling approximately 2.75 acres, are located at the hard corner of Highway 20 and County Road 389 and boast sewer, water, gas, and electric availability. They are commercially zoned and situated outside flood zones. Parcels 7-9, encompassing roughly 24.2 acres, offer approximately 14 acres of usable land with about 900 feet of Highway 20 frontage, plus approximately 530 feet of railroad frontage. The remaining acreage is wooded wetland. These parcels are currently zoned A2/A3 but are rezonable for commercial use and have access to water, gas, and electricity. While intended to be sold together, all written offers will be considered. The asking price of $840,000 reflects the cost of the main two parcels

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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