5745 Katherine Hankins Dr Theodore, AL 36582
This 1.19-acre commercial lot, located at 5745 Katherine Hankins Dr in Theodore, Alabama (zip code 36582), is offered at $75,000, or $63,025 per acre. The property's APN is 3802044000009.000. Conveniently situated just off Highway 90, this vacant land boasts a prime location across from Katherine Hankins Middle School. Previously utilized as a mobile home park, all existing trailers have been removed, presenting a clean slate for development. The property's zoning and potential uses include multifamily residential and mobile home park development, making it an attractive investment opportunity. The sale terms are cash to the seller. This exceptional location and versatile zoning make this a highly desirable property for investors seeking a strong return. Serious inquiries are encouraged. The property is ready for immediate development.
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.
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Risks
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