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    OFF-MARKET
    Land

    0 Scott St, Montevallo, AL 35115

    9.29 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.29-acre parcel in Montevallo, Alabama, presents a unique investment opportunity. Located in Shelby County, with a 35115 zip code, this land is zoned R-2 SD by the City of Montevallo and has already received approval for the construction of a 46-unit apartment complex. The site boasts convenient access to utilities, including sanitary sewer, making development straightforward and cost-effective. A detailed site plan is readily available for review, outlining the approved building layout and infrastructure. The property's prime location offers a significant advantage, situated within walking distance (0.4 to 0.6 miles) of the University of Montevallo campus, ensuring high occupancy potential and strong rental demand. The address is on Scott Street. This is a rare chance to acquire a fully permitted development site in a thriving Alabama community, poised for immediate construction and substantial returns. The asking price for this exceptional property is $685,000. The property's latitude and longitude coordinates are 33.1078495 and -86.8549766 respectively.

    Property profile
    Verified
    Property type Land
    Lot 9.29 ac (404,672 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
    AI Approach AI
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    CAP Approach CAP
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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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