This exceptional five-acre commercial land parcel presents a remarkable investment opportunity in Hoover, Alabama. Strategically located on AL-119, this property boasts exceptional visibility and accessibility, with a daily traffic count of 14,175 vehicles. Zoned O&I (Office and Institutional), the land is ideally suited for a variety of commercial developments, including small office buildings, medical facilities, or daycare centers. Utilities are conveniently located adjacent to the property, simplifying development plans. The site enjoys close proximity to Heardmont Park, offering employees and residents nearby recreational amenities. Its strong demographics and convenient location, just five miles from I-65 and Highway 280, further enhance its appeal. The seller may consider subdividing the property, providing flexibility for potential buyers. This is a rare chance to acquire a highly desirable commercial lot in a thriving area of Hoover, offering significant potential for growth and return on investment. The asking price is $579,000.
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
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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.