Chapel Rd Wetumpka, AL 36092
- Land
- 128.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Chapel Rd
- Lot size
- 128.00 lot acres
- Property type
- Land
Description
This exceptional 128-acre parcel presents a significant residential development opportunity in Wetumpka, Alabama. Located within city limits, this land is ideally situated just north of Montgomery, benefiting from the area's explosive growth – Elmore County ranks as the third fastest-growing in the state. The property is a future phase of the established Cotton Lakes subdivision, currently boasting 370 homes. Conveniently served by city water and sewer, the site is zoned R-3, allowing for medium-density residential development with 7,200 square foot, 50-foot-wide lots. Its proximity to downtown Wetumpka and Montgomery (a 30-minute drive) adds to its appeal. The highly-rated Wetumpka High School district (8/10 rating by GreatSchools.org) and the close proximity to Wetumpka elementary and middle schools make this an attractive location for families. New homes in the area are currently priced in the high $200,000s, indicating strong market demand. Several large homebuilders are actively operating in the area, suggesting a robust and established market for new construction. This property offers a compelling investment opportunity for developers seeking to capitalize on the thriving residential market in this rapidly growing region of Alabama. The asking price is $1,600,000. This is a rare chance to acquire a substantial tract of land with significant development potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wetumpka
- County
- Elmore
- State
- Alabama
- Longitude
- -86.2395
- Latitude
- 32.5492
