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Description of the Article


SOLD – ± 92.25 AC., McQUEEN SMITH ROAD, PRATTVILLE, AL., AUGUST 16, 2019

John Stanley, CCIM has represented HD & D Land Company in the sale of  ± 92.25 acres  located on McQueen Smith Road in Prattville, Alabama.  The property will be developed as a single-family residential subdivision by the Buyer, SMB Land, LLC.  The sales price was $2,557,425.00 ($30,500/ac.) based on ± 83.85 usable acres. 


SOLD – 31.3 AC., VAUGHN ROAD, MONTGOMERY, AL., JULY 22, 2019

John Stanley, CCIM has represented the Estate of Milton McGregor in the sale of a 31.3 acre parcel located on Vaughn Road.  The property is zoned for residential use.  The sales price was $140,000.00. 


SOLD – MULTIFAMILY PARCEL, WETUMPKA, AL., JUNE 28, 2019

John Stanley, CCIM has represented William R. Welch, et al in the sale of a ± 7.81 acre parcel of land located on U.S. Hwy 231 in Wetumpka, AL.  The Buyer is Nathan Ridge, Ltd.  The property will be developed as a 56 unit senior housing apartment complex.  The sales price was $550,000.00 ($70,425/AC.). 


SOLD – ± 2.07 ACRES 4815 BIRMINGHAM HWY., MONTGOMERY, AL., MAY 17, 2019

Nim Frazer, SIOR has completed the sale of ±2.07 acres of land at 4815 Birmingham, Highway, Montgomery, AL.  The property is an undeveloped lot with no improvements.  The sales price was $45,000.00.  The property will be used for a new business expansion opportunity by the adjacent property owner.  The property is zoned M-3.


SOLD – ± 20 AC. VAUGHN ROAD, PIKE ROAD, AL. MARCH 27, 2019

Nim Frazer, SIOR has completed the sale of ± 20 acres of land off Vaughn Road, in Pike Road, AL.  This 20 acres is located at the rear of a 113.9 acre tract fronting Vaughn Road.  The sales price was $260,000.00.  The property will be used for pasture by an adjacent land owner and is zoned for agriculture use.