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Property profile

231 Hwy Midland City, AL 36360

OFF-MARKET
Industrial properties
8.3 ac lot

Property summary

AI-generated overview

This exceptional 8.3-acre industrial property boasts prominent frontage on Highway 231 and Mance Newton Road in Midland City, Alabama (zip code 36360). Located in Dale County, this large corner lot presents significant development potential for multiple users. The asking price is $630,000. Previous on-site tanks have been removed, leaving a clean slate for future projects. Comprehensive environmental assessments have been completed, with favorable reports from both the Alabama Department of Environmental Management (ADEM) and Polyengineering, ensuring a smooth and transparent transition for prospective buyers. The property's strategic location and ample space make it ideal for a variety of industrial uses, offering excellent visibility and accessibility. Its size and highway frontage provide significant advantages for businesses seeking a prominent presence in this thriving area of Alabama. The property is ready for immediate development, eliminating the need for extensive remediation or cleanup. Detailed environmental reports are available upon request. This is a rare opportunity to acquire a substantial, well-situated industrial parcel in a rapidly growing region. Don't miss this chance to secure a prime location for your next venture.

Property profile

Verified
Property type Industrial properties
Lot 8.3 ac (361,548 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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