0 Gourd Neck Rd Luverne, AL 36049
This exceptional 198+/- acre commercial property in Crenshaw County, Alabama, presents a unique investment opportunity. Situated between Luverne and Highland Home, on Gourd Neck Road, the land boasts a diverse landscape of mixed pasture and wooded areas, ideal for a variety of uses. Power is already established, and several excellent homesites offer breathtaking views from the highest point, approximately 460 feet above the surrounding terrain. The property's history includes both cattle grazing and hunting leases, enhanced by established food plots. Natural features include Pond Creek running through the northeast corner and a small duck pond in the northwest. The timber is primarily a hardwood/pine mix. Existing infrastructure includes roads and trails throughout the property, adding to its versatility. The property's location and features make it suitable for agricultural, recreational, or residential development, offering significant potential for future growth and return on investment. The asking price is $673,200. Showings are by appointment only. This property offers a rare combination of natural beauty, established infrastructure, and diverse potential uses, making it an attractive investment in rural Alabama. The property includes established pastureland, fencing, and road frontage.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.