Coleman Rd Anniston, AL 36207
- Land
- 7.77 lot acres
Current Use by Public Records
- Land
Property Details for 0 Coleman Rd
- Lot size
- 7.77 lot acres
- Property type
- Land
Description
This exceptional 7.77-acre commercial land parcel in Anniston, Alabama, presents a compelling investment opportunity. Priced at $299,000, the property comprises two distinct parcels. Parcel A is currently under a five-year lease with the City of Anniston, generating a net operating income (NOI) of $15,732. Parcel B encompasses the remaining 7.77 acres of prime land, ideally suited for various development projects. The location offers excellent accessibility, situated near the intersection of US Highways 78 and 431, providing convenient access to Interstate 20. The property benefits from its proximity to railroad tracks running parallel to US Highway 78, and is surrounded by a mix of small office, light industrial, retail, and restaurant properties, indicating a thriving commercial environment. This strategic location and the existing income stream from Parcel A make this a highly attractive investment for developers and investors seeking a foothold in a growing Alabama market. The property's address is Coleman Road, Anniston, AL 36207, within Calhoun County. The land is zoned for commercial use. This offering presents a rare chance to acquire a substantial land holding with immediate income potential and significant long-term development prospects.
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
- Anniston
- County
- Calhoun
- State
- Alabama
- Longitude
- -85.8034
- Latitude
- 33.6293
