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Property profile & analytics
OFF-MARKET
Commercial real estate

489 Co Rd Hanceville, AL 35077

60 ac lot
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents approximately 60 acres of commercially zoned land ideally situated near the golf course road in Hanceville, Alabama. The property's prime location offers significant potential for development, with the added benefit of possible annexation into the city limits of Cullman, unlocking further development opportunities and enhancing property value. The existing structure on the property, an older house, is not factored into the asking price of $1,600,000. This presents a unique chance to acquire a substantial land parcel without the burden of demolition costs or the need to factor in the value of an outdated building. The expansive acreage is currently wooded, providing a blank canvas for a variety of commercial ventures. Furthermore, an additional 19 acres adjacent to this property are also available for purchase, presenting an opportunity to expand the investment significantly. This combined acreage offers unparalleled potential for large-scale commercial development, making this a truly exceptional investment opportunity in a rapidly growing area. The property's proximity to Cullman provides easy access to a wider range of amenities and infrastructure, further enhancing its appeal. Serious inquiries are encouraged to explore the full potential of this remarkable land offering.

Property profile
Verified
Property type Commercial real estate
Lot 60 ac (2,613,600 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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