0 Ray Thorington Rd Montgomery, AL 36117
This exceptional 14.1-acre parcel, located on Ray Thorington Road in Montgomery, Alabama (zip code 36117), presents a unique opportunity for developers. Currently zoned PUD (Planned Unit Development), this flat property offers significant potential for a variety of upscale residential projects. Its strategic location within the rapidly expanding eastern corridor of Montgomery places it in close proximity to established, preferred residential neighborhoods, ensuring high demand and strong market appeal. The site boasts convenient access to major roadways, enhancing its accessibility and desirability. Furthermore, its proximity to existing shopping centers, schools, offices, and parks provides residents with a wealth of amenities. The flexible zoning allows for diverse development options, making it suitable for a range of projects, including high-density residential communities, a church, or even a school. The asking price for this remarkable property is $550,000. This is a rare opportunity to acquire a substantial land holding in a prime Montgomery location with exceptional growth potential.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.