Current Use by Public Records
- Land
Property Details for 0 Old Highway 20
- Lot size
- 130.00 lot acres
- Property type
- Land
Description
This expansive 130-acre commercial land parcel presents a unique investment opportunity in Madison, Alabama. Located on Old Hwy 20, this property boasts a convenient location within Madison County, offering easy access to key transportation routes and amenities. The property's assessed value is $5,760, with a total tax burden of $348.48. However, the market value is significantly higher, appraised at $867,500, and the current use value (CU Value) appraisal stands at $57,600. This discrepancy highlights the substantial potential for appreciation and development. The property's APN is 17 07 26 0 000 003.000. Its size and strategic location make it suitable for a wide range of commercial ventures, from industrial development to retail or mixed-use projects. The property is zoned for commercial use (further zoning verification is recommended). Serious inquiries are encouraged to explore the possibilities of this significant land holding in a rapidly growing area of Alabama. The property is being offered for sale at a total land value of $867,500. This represents a compelling investment opportunity with considerable upside potential. Detailed due diligence is recommended.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Madison
- State
- Alabama
- Longitude
- -86.8028
- Latitude
- 34.6558
