502-524 Lafayette St Decatur, AL 35601
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.
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
Similar Nearby for Lease
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.