3817 Highway 25 3AMontevallo, AL 35115

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.

Property Information

Property type

Land

Lot size

2.87 acres

Zoning

B2

Days on market

175

MLS^® Listing#

21447767

Property Features

Community

None

Utilities

Electricity Available · Sewer Available · Water Available

Water source

Public

Parcel number

36-2-04-4-001-004.000

Directions

Heading South in I-65... Exit 234 then LEFT on Cty Rd 87... Continue on Smokey Road that becomes Spring Creek Rd for 8 miles then RIGHT on AL-25. Vacant property on RIGHT just past and adjacent to Fresenius Kidney Dialysis of Montevallo. Gas station directly across street.