0 Summerview Dr, Madison, AL 35758
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.
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.