1698 Highway 231 Laceys Spring, AL 35754
This exceptional 24-acre commercial property in Laceys Spring, Alabama, presents a unique investment opportunity. Located at 1698 Hwy 231, Morgan County, zip code 35754, this expansive lot boasts over 1,200 feet of highway frontage, providing unparalleled visibility and accessibility. The asking price is $750,000, translating to $31,250 per acre. A significant advantage is the inclusion of an existing commercial building on the site, measuring over 5,000 square feet. This pre-existing structure offers immediate potential for various commercial uses, minimizing initial development costs. The property is zoned for County use, offering flexibility for a wide range of commercial ventures. Its strategic location along a major highway ensures high traffic volume and excellent exposure for any business. With its substantial size, existing building, and prime location, this property is ideally suited for a variety of commercial developments, making it an attractive investment for both established businesses and new ventures. The latitude and longitude coordinates are 34.53164421572999 and -86.5898633375756 respectively. This is a rare opportunity to acquire a significant commercial land parcel with an existing building in a high-traffic area.
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Custom Plus Hardware & Home Improvement Home Decor Store
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JFK Woodwork, LLC General Contractor
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
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.