0 Presbyterian Dr Decatur, AL 35603
This exceptional 39.42-acre land parcel presents a significant development opportunity in Decatur, Alabama. Located off Beltline Road, near the Decatur Mall, this property boasts a B-2 General Business zoning designation, allowing for a diverse range of uses including retail, restaurants, and mixed-use developments. Multi-family housing is also permissible upon appeal, with no height restrictions and maximum density. The gently rolling, wooded terrain offers a desirable setting for a project catering to the area's substantial growth potential. Decatur faces a 50,000-workforce gap, making a mixed-use development with multi-family housing particularly attractive to young professionals. The area's strong retail presence, including the Decatur Mall, AMC Theatres, Publix, Target, Walmart, Walgreens, and Hobby Lobby, ensures high foot traffic and consumer demand. Furthermore, the proximity to Austin High School, Middle School, and Elementary School creates an ideal "live, work, and play" environment. With a population exceeding 21,000 within a 5-mile radius and projected growth, this property offers exceptional long-term investment potential, especially considering the city's planned $50 million development encompassing college dorms and a hotel. Contact us for pricing and detailed information.
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.