124 Mars Hill Rd

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124 Mars Hill Rd

Hoover, AL 35244
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial development site encompassing 0.9 acres of land
  • Available for either direct sale or ground lease
  • Strategically situated off Highway 150 in Hoover
  • Suitable for retail or professional business redevelopment
  • Located within the expanding Birmingham metropolitan area

What's Special

Developers seeking a prime redevelopment site will find this 0.9-acre commercial land parcel highly adaptable for a variety of projects. Situated on Mars Hill Road near Highway 150, the property occupies a strategic position within the growing Hoover submarket of Alabama. This location benefits from consistent regional infrastructure, making it a viable candidate for retail, service-oriented business, or professional office development. Its placement in a well-established commercial corridor provides accessibility for both local customers and commuters traversing this active suburban area. The tract is available for both sale or ground lease, offering flexibility for investors and business owners aiming to establish a footprint in this municipality. Given the current market conditions in the Birmingham metro area, this site serves as a functional foundation for new construction aimed at supporting the local population. Investors and developers should consider the long-term utility of this parcel for high-visibility commercial utilization.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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