Technical
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Property profile

887 Lake Mitchell Rd Clanton, AL 35045

OFF-MARKET
Office Spaces
Property ID
US03-1964162
0.49 ac lot Built 1959
Individually Owned 2-yr Hold
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Property summary

AI-generated overview

This exceptional 0.49-acre commercial property at 887 Lake Mitchell Road in Clanton, Alabama, presents a unique investment opportunity. Its prime location offers unparalleled visibility and accessibility, situated on a high-traffic corner lot with convenient proximity to Interstate 65, ensuring significant exposure to potential clients and customers. The property boasts approximately 135 feet of road frontage along Lake Mitchell Road, maximizing its street presence and enhancing its appeal. All essential utilities are readily available, simplifying the setup and operation of any business. The property is currently improved with a mobile home, which will be removed prior to closing. This presents a blank canvas for the development of a new office building, or the adaptation of an existing structure to suit a variety of commercial uses. The strategic location, coupled with the ample road frontage and readily available utilities, makes this property an ideal choice for businesses seeking a prominent and easily accessible location in the thriving Clanton market. The asking price of $425,000 reflects the significant value and potential of this exceptional commercial property. Don't miss this chance to secure a prime location for your business venture.

Property profile

Verified
Property type Office Spaces
Year built 1959
Lot 0.49 ac (21,344 SF)
UPID US03-1964162

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

887 Lake Mitchell Rd Clanton, AL 35045
Clanton metro
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Value estimations

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Owner & transaction history

since 2023
2 recorded transactions
2023
$60,000
2023
$1,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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