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Property profile & analytics
OFF-MARKET
Land

10051 Us-431 New Hope, AL 35760

7 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 7 ac (304,920 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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