For Sale
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Property summary
This exceptional 5.67-acre property, known as Capshaw Cove, presents a unique investment opportunity in Madison, Alabama. Strategically located off Capshaw Road, between Nance Road and Wall Triana Highway, the land is comprised of two distinct parcels. The western parcel, spanning 2.04 acres, boasts 469 feet of frontage along Tate Drive. The eastern parcel encompasses 3.63 acres with an impressive 851 feet of frontage on Tate Drive. Currently zoned R-2 Residential and platted into 14 lots, the site offers significant development potential. A conceptual site plan indicates the possibility of constructing up to 56 townhomes. This prime location in Madison County, with its 35757 zip code, offers easy access to major roadways and amenities. The seller is open to considering owner financing options. Detailed information regarding this possibility is available upon request. This is an exceptional opportunity to acquire a substantial land parcel with significant development potential in a thriving Alabama community. The property's size and location make it ideal for a variety of commercial and residential projects. Don't miss this chance to secure a valuable asset in a rapidly growing market.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
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Bank Credit Union
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Postal Service Courier Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Location Insight
- Alternative use
- Local Zoning Insight