1105 Martin Luther King Jr Blvd Northport, AL 35476
- Office buildings
- 1,305 SF
- 0.06 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1105 Martin Luther King Jr Blvd
- Year built
- 1950
- Lot size
- 0.06 lot acres
- Property size
- 1,305 SF
- Zone code
- M-1
- Property type
- Office buildings
- APN
- 31-05-15-2-010-001.000
- APU
- 3105152010001000
Description
This exceptional 39.36-acre commercial property, located at 1105 Martin Luther King Jr Boulevard in Northport, Alabama, presents a unique redevelopment opportunity. Boasting a substantial 1,714,521 square feet of land, this expansive site is ideally situated in the heart of Tuscaloosa County, within a designated Opportunity Zone, offering significant tax advantages for investors. The property's current zoning is M-1 (Light Manufacturing), providing flexibility for a wide range of development projects. Envisioned uses could include medical facilities, multifamily housing, assisted living facilities, or a residential neighborhood, capitalizing on the property's strategic location and ample space. The contiguous nature of the land simplifies development planning and execution. This prime location offers excellent access to major transportation routes and is surrounded by established infrastructure. The asking price for this exceptional investment opportunity is $3,750,000. Serious inquiries are encouraged to explore the potential of this significant commercial land parcel. Don't miss this chance to acquire a substantial tract of land with immense potential for future growth and development in a thriving Alabama community.
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
- Northport
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.5701
- Latitude
- 33.2291
- CBSA code
- 46220
- CBSA name
- TUSCALOOSA, AL METROPOLITAN STATISTICAL AREA
