10051 Us-431 New Hope, AL 35760
This exceptional 7+ acre property boasts approximately 500 feet of frontage along US Highway 431, a major north-south corridor in Alabama with over 22,000 vehicles daily. Located within the New Hope city limits (population 3,000+), this land offers significant commercial development potential. The property is strategically situated in the Huntsville metro area (population approximately 500,000), providing access to a large consumer base. The zoning is dual-purpose, with B2 zoning in the front and R1 zoning in the rear, allowing for diverse development options. An existing condemned house on the property has zero assessed value. A separate, unconnected tiny house is present but not included in the sale, though it may be available for separate purchase. The location is advantageous, with nearby commercial establishments including a bank and restaurant. The asking price for this high-traffic, versatile property is $429,000. This presents a unique opportunity for investors and developers seeking a prime location with excellent visibility and diverse zoning possibilities. The property's size and highway frontage make it ideal for a variety of commercial ventures, while the R1 zoning opens up possibilities for residential development as well. This is a rare chance to acquire a substantial parcel of land in a growing area with high traffic volume and excellent potential for return on investment.
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
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.