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Property profile & analytics
OFF-MARKET
Land

502-524 Lafayette St Decatur, AL 35601

1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in the heart of Decatur, Alabama. Located at 502-524 Lafayette St NE, this property boasts significant frontage on three streets: 6th Avenue, Lafayette Street, and Well Street, offering unparalleled visibility and accessibility. The lot is zoned B-2, providing flexibility for a wide range of commercial uses. Previously occupied buildings have been cleared, leaving a clean slate for development. The property's convenient location places it in close proximity to Decatur's vibrant downtown area, offering easy access to a variety of dining and retail establishments. This high-traffic location on 6th Avenue ensures maximum exposure for any business. The 1-acre size provides ample space for a substantial development project. Situated in Morgan County, Alabama, with a zip code of 35601, this property offers a strategic location for businesses seeking to establish a presence in a thriving community. The coordinates are 34.609011 latitude and -86.979545 longitude. This is a rare opportunity to acquire a cleared, commercially zoned lot in a prime Decatur location. Don't miss out on this chance to build your business in a high-visibility, high-traffic area.

Property profile
Verified
Property type Land
Lot 1 ac (43,560 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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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