140 Chestnut Dr, Madison, AL 35758
This exceptional 0.92-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Madison, Alabama. Located at 140 Chestnut Dr, 35758, this property boasts an impressive 266 feet of road frontage, providing excellent visibility and accessibility. The site is conveniently situated just behind a McDonald's restaurant, ensuring high traffic flow and prominent exposure. Currently zoned B3, this designation allows for the highest and best commercial uses permitted within the city of Madison, offering a wide range of development possibilities for discerning investors. The property consists of two half-acre lots, which can be purchased individually or as a combined parcel, providing flexibility to suit various project scales and investment strategies. This prime location, combined with its favorable zoning and significant road frontage, makes this an unparalleled opportunity for commercial development in a rapidly growing area. The asking price for this exceptional property is $249,000. Detailed zoning information and development guidelines are readily available upon request.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.