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Property profile & analytics
FOR SALE
Office buildings

1105 Martin Luther King Jr Blvd Northport, AL 35476

1,305 SF 0.06 ac lot Built 1950
Individually Owned 19-yr Hold ~ Est. High Equity
Property ID
US03-1116203
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 1,305 SF
Lot 0.06 ac (2,700 SF)
Zoning code M-1
APN 31-05-15-2-010-001.000
UPID US03-1116203
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Joseph Wayne Rose · 19 yrs held
Joseph Wayne Rose
since 2007
5 recorded transactions
2019
Price N/A
2016
Price N/A
2016
Price N/A
2007
$10,500
2007
$28,000
Zoning & alternative use
M-1 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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