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    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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    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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