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    OFF-MARKET
    Land

    855 Us-31, Alabaster, AL 35007

    0.89 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 0.89 ac (38,768 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
    AI Approach AI
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    CAP Approach CAP
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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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