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$650,000
Est. payment /mo
2.87 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21447767
HOA Y/N No
Lot Size 2.870 Acres
Property Sub-Type Lots
Property Description
Immediate income from an existing Alabama Power lease! With the benefit of lease termination with a 30 day notice if you prefer to develop the property. This 2.87± acre commercial development opportunity in the City of Montevallo is offered at $650,000 and zoned B-2, allowing flexibility for a wide range of commercial or multi-family uses, including uses permitted under B-1 and B-2 regulations. Alabama Power currently leases the property, giving a buyer the opportunity to continue receiving lease income after closing. If a buyer prefers to move forward with development or another use, Alabama Power may be given 30 days' notice to vacate. The flat, level site is located on a high-traffic main highway with excellent visibility, access, and exposure. Utilities are available on site. Survey and zoning documentation are available upon request.
Location
State AL
County Shelby
Area Calera, Montevallo, Wilton
Interior
Flooring No
Exterior
Amenities Available None
Building
Lot Description Acreage
Sewer Sewer Available
Water Public Water
Others
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/bham/21447767
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Listed by RE/MAX Preferred
NEARBY SCHOOL & BUSINESS
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