11127 Hwy 231/431 Meridianville, AL 35759
This exceptional 36-acre commercial land parcel presents a remarkable investment opportunity in Meridianville, Alabama. Strategically located on Highway 231/431, the property boasts an impressive 990 feet of road frontage, ensuring high visibility and accessibility. The land itself offers a diverse landscape, blending open fields with wooded areas, and includes existing structures such as an old farmhouse and barns. A significant advantage is its proximity to Beaverdam Creek and the Huntsville city limits, presenting potential for annexation. This versatile property is ideally suited for a variety of development projects, including commercial ventures, multi-family housing, or residential subdivisions. The asking price is $5,000,000, translating to $138,000 per acre. The property is conveniently located at 11127 Hwy 231/431 N, Meridianville, AL 35759, in Madison County. Note that this property is sold in two parcels. This is a rare opportunity to acquire a large tract of land in a rapidly growing area with significant development potential. Don't miss out on this chance to secure a prime piece of Alabama real estate.
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.