0 Highway 72 Killen, AL 35645
This exceptional 408,000 dollar agricultural land parcel, located at 0 Highway 72 in Killen, Alabama (zip code 35645), presents a unique investment opportunity. Situated in Lauderdale County, this property boasts R-4 multifamily zoning, making it ideal for the development of residential units. The land has already undergone significant preparation, including grading for thirteen duplex units, significantly reducing development time and costs for the prospective buyer. Crucially, the Alabama Department of Transportation (ALDOT) has approved ingress and egress access to the property, ensuring seamless connectivity and future development feasibility. All necessary documentation pertaining to zoning, grading, and ALDOT approvals is readily available upon execution of a purchase and sale agreement. The property's latitude and longitude coordinates are 34.8809517 and -87.5000082 respectively. This ready-to-develop site offers a streamlined path to realizing a substantial multifamily housing project in a desirable Alabama location. The property is classified as agricultural land with a subtype of "Other". This is a turnkey opportunity for developers seeking a fast-track project with pre-approved infrastructure.
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
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.