For Sale
$325,000

3557 Pelham PkwyPelham, AL 35124

High-growth area commercial land, investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 0.46-acre commercial land parcel, located at 3557 Pelham Parkway in Pelham, Alabama (zip code 35124), presents a compelling investment opportunity. The property boasts 100 feet of frontage along a four-lane divided highway with a median cut, providing outstanding visibility and accessibility. A 1,086 square foot building currently leased month-to-month to Wayne's Produce for $1,500 per month offers immediate income potential. The property is zoned B-2 General Business, allowing for a variety of uses. With a daily traffic count of 33,990 vehicles, this location offers unparalleled exposure. Convenient access to Interstate 65 via exits 236 or 242 further enhances its desirability. The land's depth is 200 feet, and it features multiple curb cuts. The asking price is $325,000, representing a pro-forma cap rate of 4.06% and a pro-forma NOI of $13,196. Annual property taxes are $2,404. This rare opportunity in a high-growth area is ideal for investors seeking immediate income and future redevelopment potential. The land value is $299.26 per square foot. This property is a unique offering in Shelby County, Alabama.

Property Details for 3557 Pelham Pkwy

Property type
Land
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Pelham
County
Shelby
State
Alabama
Latitude
33.264509031358
Longitude
-86.810729990452
3557 Pelham Pkwy, Pelham, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3557 Pelham Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message