0 Montgomery Hwy Centreville, AL 35042
This exceptional 3.8-acre parcel presents a prime opportunity for multi-family development in Centreville, Alabama. Located in Bibb County, on Montgomery Highway, this flat, cleared lot boasts approximately 350 feet of road frontage, offering excellent visibility and accessibility. The property's R-2 zoning permits residential construction, making it ideal for apartments, townhouses, or other multi-unit dwellings. A significant advantage is its proximity to Centreville Middle School – a mere 0.3 miles away, easily walkable and conveniently accessible via a pedestrian tunnel beneath the two-lane Montgomery Highway, ensuring safe passage for residents. All utilities, including sewer, are readily available at the roadside, simplifying the development process and minimizing infrastructure costs. The asking price for this exceptional property is $190,000. This location offers a unique blend of convenience, safety, and development potential, making it an attractive investment for discerning builders and developers. The property's size and zoning make it suitable for a variety of multi-family projects, catering to the growing demand for housing in the area. Don't miss this chance to acquire a highly desirable and strategically located land parcel.
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.