01 Highway 231 Laceys Spring, AL 35754
This exceptional 1.61-acre commercial land parcel is strategically located on Highway 231 in Laceys Spring, Alabama, zip code 35754. Situated in the heart of Morgan County, this property boasts high visibility and significant traffic counts, making it an ideal location for a variety of commercial ventures. The asking price is $249,000. Minimal site preparation is needed, offering a significant advantage for developers. The property features a desirable balance of mature trees, providing an established aesthetic, while maintaining ease of development. Its convenient location offers easy access to several major cities including Huntsville, Arab, Decatur, and Somerville, ensuring excellent accessibility for both employees and customers. This prime location presents a rare opportunity for businesses seeking high visibility and convenient access to a thriving regional market. The property's size and location make it suitable for a wide range of commercial uses, presenting a compelling investment opportunity for those seeking a high-traffic, easily accessible location in a growing area of Alabama. The coordinates are 34.5729361 latitude and -86.5706777 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.