For Sale
$429,000

10051 Us-431New Hope, AL 35760

New Hope, AL commercial land opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 7+ acre property boasts approximately 500 feet of frontage along US Highway 431, a major north-south corridor in Alabama with over 22,000 vehicles daily. Located within the New Hope city limits (population 3,000+), this land offers significant commercial development potential. The property is strategically situated in the Huntsville metro area (population approximately 500,000), providing access to a large consumer base. The zoning is dual-purpose, with B2 zoning in the front and R1 zoning in the rear, allowing for diverse development options. An existing condemned house on the property has zero assessed value. A separate, unconnected tiny house is present but not included in the sale, though it may be available for separate purchase. The location is advantageous, with nearby commercial establishments including a bank and restaurant. The asking price for this high-traffic, versatile property is $429,000. This presents a unique opportunity for investors and developers seeking a prime location with excellent visibility and diverse zoning possibilities. The property's size and highway frontage make it ideal for a variety of commercial ventures, while the R1 zoning opens up possibilities for residential development as well. This is a rare chance to acquire a substantial parcel of land in a growing area with high traffic volume and excellent potential for return on investment.

Highlights

  • 7+ acre tract with 500+ ft of highway frontage on US Hwy 431 in New Hope, AL.
  • High-traffic location (22,000+ VPD) within the Huntsville MSA (500,000+ population).
  • New Hope city limits; B2 & R1 zoning.
  • Includes a condemned house (zero value).
  • Separate tiny house available for separate purchase.
  • Excellent visibility near bank and other commercial businesses.

Property Details for 10051 Us-431

Property type
Land
Lot Size (sq. ft)
304,920 SF

Location Insight

City
New Hope
County
Madison
State
Alabama
Latitude
34.552845
Longitude
-86.434578
10051 Us-431, New Hope, Alabama

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10051 Us-431
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