15205 Highway 280Chelsea, AL 35243

Property Details for 15205 Highway 280

Year built

1976

Lot size

20.00 AC

Property size (Sq ft)

875 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

97260002001000

APU

97260002001000

Description

This exceptional 33-acre parcel presents a remarkable opportunity for development along Highway 280 in Chelsea, Alabama. Boasting over 1300 feet of frontage on this major thoroughfare, the property enjoys exceptional visibility and accessibility. The current zoning, City of Chelsea B-2, allows for a variety of commercial uses, making it ideal for retail or office development. A smaller residential component is also possible south of County Road 440, offering flexibility for mixed-use projects. The high traffic volume of approximately 26,870 vehicles per day on Highway 280 ensures significant exposure for any development. The property's location in Shelby County, Alabama, with a zip code of 35243, places it within a rapidly growing area. The APN numbers are 09-7-25-0-000-013-000...09-7-26-0-002-001-000. This expansive tract offers significant potential for investors seeking a high-impact commercial development site in a desirable location. The land's size and strategic positioning make it an attractive investment with considerable upside. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $229,482

  6.5%

  $211,830

  7%

  $196,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $220,920

  Geo Method

  $264,550

• Alternative Use

  Use

  Valuation

  Residential

  $211,830

  Hospitality

  $194,035

  Educational

  $161,435

  Medical

  $166,987

  Retail

  $251,121

Location Insight

City

Chelsea

County

Shelby

State

Alabama

Latitude

33.3493

Longitude

-86.6058

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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