0 Spring Ave Decatur, AL 35603
This exceptional 33-acre parcel, situated on Spring Avenue SW in Decatur, Alabama (zip code 35603), presents a remarkable opportunity for residential development. The property, identified by APN numbers 120-41-80-00-0-009-000 and 120-41-80-00-0-009-001, is zoned R5, making it perfectly suited for patio home construction. The land boasts gently rolling topography, largely flat and easily developable, significantly reducing construction costs and timelines. This ease of development translates to a faster return on investment. Located in Morgan County, this 33-acre tract offers a prime location within Decatur, providing convenient access to local amenities and infrastructure. The asking price for this exceptional development opportunity is $899,000. This property is a blank canvas for a lucrative residential project, promising significant returns for the discerning investor or developer. The flat terrain simplifies the construction process, making it an attractive option for efficient and cost-effective development.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.