3073 Hwy Roanoke, AL 36274
Prime commercial land investment opportunity in Roanoke, Alabama, encompassing two outparcels adjacent to Bonner Point Shopping Center. This thriving neighborhood retail center, boasting approximately 87,000 square feet, features national tenants such as Tractor Supply Co., Hibbett Sports, and Badcock Furniture. Strategically located directly off the full-access US Highway 431, less than 10 miles from the Georgia state line, this location ensures high visibility and accessibility. The outparcels, Parcel 3 and Parcel 4, benefit from shared cross-parking easements with the shopping center (see recorded easement). Parcel 3, offered at $175,000, presents a compelling opportunity for development or ground lease. The combined lot size of the two parcels ranges from 0.46 to 0.84 acres, providing ample space for various commercial ventures. This property is classified as Class C commercial land. The property address is 3073 US Highway 421, Roanoke, AL 36274. This is an exceptional chance to capitalize on a strong retail corridor in a growing 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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.