5850 Highway 53, Harvest, AL 35749
- Investment properties
- 45,790 SF
- 13.39 lot acres
Current Use by Public Records
- Investment properties
Property Details for 5850 Highway 53
- Year built
- 2008
- Lot size
- 13.39 lot acres
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 06-06-23-0-000-006.009
- APU
- 606230000006009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 23, 2014 | — | Ireit Harvest Square LLC | Krg Harvest Square LLC | Warranty Deed | — |
| Dec 14, 2011 | $12,350,000 | Inland Diversified Harvest Sq | Harvest Square LLC | Warranty Deed · related | $6.8M · Pnc Bank |
Description
This exceptional 1.13-acre commercial land parcel presents a unique investment opportunity in the thriving Harvest community of Madison County, Alabama. Situated at 5850 Highway 53, this Lot 6A outparcel is ideally located within the bustling Harvest Square shopping center, anchored by a Publix supermarket. The high visibility and convenient access afforded by its Highway 53 location ensure significant exposure to a substantial customer base. Priced at $640,000, or $13 per square foot, this property offers exceptional value for developers and investors seeking a prime location for a variety of commercial ventures. The land's size and strategic placement within a well-established retail center make it an attractive prospect for businesses seeking high foot traffic and strong brand visibility. The Harvest area, just northwest of Huntsville, is experiencing robust growth, making this a particularly compelling investment in a dynamic and expanding market. This is a rare opportunity to acquire a highly desirable commercial lot in a prime location with excellent potential for future growth and profitability. The property is zoned for commercial use and ready for immediate development. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure a piece of this thriving Alabama commercial landscape.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,215,000
- 6.5%
- $8,505,000
- 7%
- $7,900,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,095,000
Market price range: $2.66M - $5.10M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $7,765,000 Current use
- MEDICAL BUILDING
- $9,520,000 Change: +23% Conversion: Easy
- OFFICE BUILDING
- $7,620,000 Change: -2% Conversion: Easy
- RETAIL STORES
- $6,915,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Harvest
- County
- Madison
- State
- Alabama
- Longitude
- -86.7103
- Latitude
- 34.8461
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
