US Highway 431
Guntersville, AL 35976
US Highway 431, 12.45 acres · Land For Sale · 12.45 AC

MOTIVATED OWNER - PRICE REDUCED FROM $1,000,000 to $850,000 as of July 1st. A unique opportunity to purchase approximately 12.45 acres of developable land zoned BG-1 General Business District allowing for Retail, Motel, Restaurants and other uses. The property is located next to the Dollar General (22325 US Highway 431, Guntersville) which opened in 2012.    The 3-4 acres of highway frontage on US Highway 431 offer highly visible commercial use such as retail, motel/hospitality and food and beverage along with a residential component on the remaining 8-9 acres. The property is gently sloping and slightly wooded. This is a prime piece of mixed-use development land adding convenience to folks living in this area by reducing their current commute of 10 minutes or more to shopping, restaurants, etc. Data from the Retail Marketplace Profile shows numerous retails unfulfilled opportunities for the area. Stats:  The Annual Average Household Income 1 Mile                3 Mile              5 Mile $70,988            $77,579           $68,064 The Median Household Income 1 Mile                 3 Mile              5 Mile $59,388              $57,152          $44,366 The Population is 13,325 within a 5 mile radius. Unemployment is only 3.4% as compared with the US average of 3.9%.  The future growth over the next ten years is predicted to be 41.2% (US average is 33.5%). The Cost of Living calculator for the United States shows Guntersville to be 17.5% more afford-able than the rest of the country! Marshall County is Alabama’s 13th fastest-growing county with more than 2,529 more people between 2010 to 2017. The county's population has reached 95,548. Guntersville’s economy is balanced between recreation, water sports, manufacturing, retail trade and professional services and is the county seat for Marshall County. The city is also a center for distribution, agriculture, highly acclaimed retirement living and, of course, recreation and tourism. Guntersville has recently been chosen for The Tennessee Riverline project, a vision for a continuous, multimodal system of trail experiences along the Tennessee River from its formation in Knoxville, TN, to its confluence with the Ohio River in Paducah, KY. Check out www.tnriverline.org for more details.