Attention all investors & business owners! Just over 11 acres of prime commercial land is now available for sale in central Madison. Located in a high traffic commercial area, this land offers endless opportunities for development and growth. Close to retail, medical facilities, and light industry, this location is ideal for businesses looking to establish a strong presence in the heart of Madison with easy access to major highways and public transportation.
Property Details
Property Features
Listing Office:
Office Name: Russ Russell Real Estate
Office Phone: (256) 536-7777
Lot Features
Lot Information:
Lot: Level, Wooded
Lot Size: 11.12 Acres
School Info
Assigned Schools Information:
Bob Jones High School, Public District Grades 9-12
Discovery Middle School, Public District Grades 7-8
Madison Elementary School, Public District Grades KG-6
Other
Directions Information:
Directions: From Hwy 20w In Madison, Right On Hughes Road. Cross Old Madison Pike And Property Is On The Right.
Price Information
Listing Price Info
Price Summary:
List Price: $2,350,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Madison, AL.
All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 10/29/2024, 9:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$11.7K
Per Month
Principal & Interest
$11.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,112
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Madison Elementary School
17 College St
Distance between this listing and this school1.34 miles
Public District Grades KG-6
Middle School
9
/10
Discovery Middle School
1304 Hughes Rd
Distance between this listing and this school3.95 miles
Public District Grades 7-8
High School
7
/10
Bob Jones High School
650 Hughes Rd
Distance between this listing and this school2.48 miles
Public District Grades 9-12
Assigned Schools
9
/10
Madison Elementary School
17 College St
Distance between this listing and this school1.34 miles
Public District Grades KG-6
Nearby Schools
9
/10
Horizon Elementary School
7855 Old Madison Pk
Distance between this listing and this school1.87 miles
Public District Grades KG-6
9
/10
Mill Creek Elementary School
847 Mill Rd
Distance between this listing and this school2.45 miles
Public District Grades PK-6
Assigned Schools
9
/10
Discovery Middle School
1304 Hughes Rd
Distance between this listing and this school3.95 miles
Public District Grades 7-8
Nearby Schools
7
/10
Williams Middle School
155 A Barren Fork
Distance between this listing and this school3.78 miles
Public District Grades 6-8
9
/10
Liberty Middle School
281 Dock Murphy Dr
Distance between this listing and this school4.31 miles
Public District Grades 7-8
Assigned Schools
7
/10
Bob Jones High School
650 Hughes Rd
Distance between this listing and this school2.48 miles
Public District Grades 9-12
Nearby Schools
9
/10
James Clemens High School
11306 County Line Rd
Distance between this listing and this school3.32 miles
Public District Grades 9-12
3
/10
Columbia High School
300 Explorer Blvd NW
Distance between this listing and this school3.33 miles
The neighbors living near this home have an average income of $55,586. The most common annual income of people living in Madison, AL is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About LOT1 Hughes Rd
What is the listing price of this property?
The listing price of LOT1 Hughes Rd property is $2,350,000.
What type of property is this?
The property LOT1 Hughes Rd is land located in Madison, Alabama, 35758.
Is this property for sale now?
Active Listing: LOT1 Hughes Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for LOT1 Hughes Rd are: Madison Elementary School: GreatSchools Rating 9/10Discovery Middle School: GreatSchools Rating 9/10Bob Jones High School: GreatSchools Rating 7/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at LOT1 Hughes Rd in Madison, AL and zip code 35758. This home sits on a 11.12 acre lot. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $2,350,000.
Madison, AL housing market in September 2024 saw over 15 listings sold above listed price, more than 40 sold at listed price and over 33 sold below. In September 2024 in Madison, AL there were 3.7% more homes for sale than in August 2024.
From Rocket Homes Real Estate and based on county public records data.