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    OFF-MARKET
    Land

    0 Troon Dr, Madison, AL 35757

    28 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 28-acre property in Huntsville, Alabama, presents a remarkable development opportunity. Located in Madison County, with a 35757 zip code, this land is zoned R-2, allowing for a variety of residential uses including multifamily, townhomes, apartments, duplexes, patio homes, and single-family attached and detached homes. The property's APN is 15-05-21-0-000-003.000, 15-05-21-0-000-001.007, .008, .009, and is currently owned by Avere, LLC. Its strategic location offers significant advantages. Situated just two blocks north of Highway 72, a major thoroughfare in North Alabama, and two blocks east of Clift Farm's expansive 550-acre development, this land benefits from excellent accessibility and proximity to established amenities. Furthermore, it's a half block south of The Church of the Highlands on Nance Road. The build-to-rent model is particularly well-suited to this location, given the potential for townhome development. A potential rezoning to R2-A could further enhance the density of multi-family development possibilities. The asking price for this significant parcel is $2,000,000. This property offers investors a unique chance to capitalize on Huntsville's thriving real estate market.

    Property profile
    Verified
    Property type Land
    Lot 28 ac (1,219,680 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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