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.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Birmingham Alabama Association of REALTORS®. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Birmingham Alabama Association of REALTORS® does not create, control or review the property data displayed herein and take no responsibility for the content of such records.
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