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Property profile & analytics
OFF-MARKET
Land

01 Highway 231 Laceys Spring, AL 35754

1.61 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.61 ac (70,132 SF)
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
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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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