855 Us-31, Alabaster, AL 35007
This exceptional 0.89-acre vacant land parcel presents a remarkable opportunity for commercial development in Alabaster, Alabama. Strategically located on US Highway 31, this property boasts 87.30' x 233.40' lot dimensions, offering excellent visibility and accessibility. The site benefits from direct highway frontage and access, ensuring convenient access for customers and employees. Its prime location is surrounded by established commercial development, including warehouses and office buildings to the south and east, creating a thriving and synergistic business environment. The property's proximity to the intersection of Highways 26 and 31, leading to Columbiana, further enhances its strategic value, providing easy access to a wider regional market. Situated in unincorporated Shelby County, just a couple of miles south of Alabaster's bustling retail corridor, this land parcel is ideally positioned to capitalize on the area's robust economic growth. Across the street, a retail strip center, Chevron gas station, restaurant, bakery, and US Post Office provide immediate convenience and draw significant traffic. Offered at $299,900, this property represents an exceptional investment opportunity for developers seeking a high-visibility location with strong commercial potential in a rapidly growing area. The property is zoned for residential use, but its location and surrounding development suggest strong potential for rezoning for commercial purposes. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.