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Property profile & analytics
OFF-MARKET
Land

2509 Highway 31 Decatur, AL 35601

1.24 ac lot
Property ID
US03-1411318
Property summary
AI-generated overview

This exceptional 1.24-acre commercial development site is strategically located on Highway 31 South in Decatur, Alabama, offering unparalleled visibility and accessibility. The property boasts 160 feet of frontage along this busy thoroughfare, ensuring maximum exposure to a substantial daily traffic volume. According to the 2019 Alabama Traffic Count, Highway 31 S in this area sees 24,174 vehicles per day. The site's location just south of a major Decatur intersection further enhances its desirability. The property is zoned for a variety of commercial uses, including B-2 (1.1 acres) and M-1 (0.14 acres), providing flexibility for a range of development projects. This prime location is surrounded by a thriving commercial environment, featuring numerous retail establishments, restaurants, financial institutions, and service businesses, creating a strong foundation for future development and ensuring high potential for return on investment. The asking price for this exceptional opportunity is $1,400,000. This is a rare chance to acquire a highly visible and well-situated commercial land parcel in a rapidly growing area of Decatur, Alabama. Don't miss this opportunity to capitalize on the significant potential of this prime development site.

Property profile
Verified
Property type Land
Lot 1.24 ac (54,014 SF)
UPID US03-1411318
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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