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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.
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Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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