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Property profile & analytics
OFF-MARKET
Land

0 Summerview Dr Madison, AL 35758

2.3 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.3-acre parcel in Madison, Alabama, presents a prime opportunity for townhome development. Zoned B-2, this property offers eight buildable lots, with luxury townhome plans already included in the asking price of $419,000. The site boasts convenient access to I-565, placing residents near the airport, Research Park, and the Arsenal. Madison City Schools serve the area, and the location offers proximity to Town Madison and the Trash Panda Stadium. This established neighborhood provides existing amenities, enhancing the desirability of the development. Utilities are on-site, and a soil report is available upon request. The potential for build-to-rent or individual sales makes this a highly attractive investment. This is a rare opportunity to capitalize on the strong demand for housing in this thriving Alabama community. The number of lots may increase depending on the chosen development plan.

Property profile
Verified
Property type Land
Lot 2.3 ac (100,188 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
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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