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Property profile & analytics
OFF-MARKET
Land

0 Perry Hill Rd Montgomery, AL 36109

119 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 119-acre commercial land parcel presents a significant investment opportunity in Montgomery, Alabama. Strategically located off Perry Hill Road in Midtown Montgomery, this property boasts convenient access to Interstate 85 via Exit 4, ensuring high visibility and easy commutes. The land is zoned R-60-M, making it ideally suited for high-density residential development, such as apartment complexes. The seller is willing to divide the property, offering flexibility for various development scales. With immediate possession available, this prime location offers substantial potential for developers seeking to capitalize on the growing demand for housing in the area. The asking price is $45,000 per acre, representing a compelling value for this sizable tract of land with its advantageous zoning and location. The property's size and zoning regulations provide ample opportunity for a substantial return on investment. This is a rare chance to acquire a significant land holding in a thriving Montgomery neighborhood with excellent access to major transportation arteries. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity.

Property profile
Verified
Property type Land
Lot 119 ac (5,183,640 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap 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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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