For Sale
$789,900

231 Multiple HwyLaceys Spring, AL 35754

Alabama Investment Opportunity: 18 Buildings, 5.8 Acres

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional commercial property, located on Highway 231 in Laceys Spring, Alabama (zip code 35754), presents a lucrative investment opportunity. The 5.8-acre lot is zoned for business use and features an established mobile home park with 18 buildings. Currently, the seller owns all but three of the mobile homes situated on the 22 available lots. Six to eight vacant lots remain, with one already equipped with a new meter, ready for immediate rental. All lots boast newly installed electric meters, ensuring efficient utility management. The property also includes three separate water meters: one for a block business building, one for the mobile home park itself, and one for a separate white home on the property. This well-maintained property offers significant potential for growth and immediate income generation, making it an attractive investment in a thriving Alabama market. Detailed financial information is available in the listing documents. The property's prime location on Highway 231 provides excellent visibility and accessibility. This is a turnkey operation with existing infrastructure and a proven rental history, presenting a rare opportunity for immediate returns and long-term appreciation. Morgan County's business-friendly environment further enhances the investment potential of this unique property.

Highlights

  • 5.8-acre commercial lot zoned for business use in Laceys Spring, AL (35754), located on Highway 231.
  • Established mobile home park with 18 buildings on 22 lots; seller owns all but three mobile homes.
  • Six to eight vacant lots available, one with a new meter ready for immediate rental.
  • All lots have newly installed electric meters; three separate water meters serve the property (one for a business building, one for the mobile home park, and one for a separate house).
  • Turnkey operation with proven rental history offering immediate income and long-term appreciation potential in a business-friendly environment.

Property Details for 231 Multiple Hwy

Property type
Mobile home & RV parks, Land
Buildings
18
Lot Size (sq. ft)
252,648 SF

Location Insight

City
Laceys Spring
County
Morgan
State
Alabama
Latitude
34.5231621
Longitude
-86.5888761
231 Multiple Hwy, Laceys Spring, Alabama

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231 Multiple Hwy
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