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Back 106 Reed Drive
Off Market

106 Reed Drive

Columbiana AL 35051

5.43 ac.
Land
Last sold for $72,500
Ali CarsonAli Carson, last sold this property on 18 August 2025 after 68 days on market.

Overview

Opportunity knocks. 5.43 surveyed acres inside Columbiana city limits, zoned RMH Residential District (Mobile Homes), with income in place and room to grow. Two long-term tenants (20+ and 10+ years) paying lot rent only. Current gross rent $590/month ($7,080/year) with low expenses (~$1,500/year), estimated 6% cap rate. Property is priced below land value to reflect condition: land is overgrown, two non-working truck trailers, a non-working boat, and a shed beyond repair. This is a value-add opportunity for the investor or visionary buyer. Hold for cash flow, clear for development, or reposition for future gain. Please respect tenant privacy — tenants own their mobile homes, and one tenant has two outdoor dogs. Showings by appointment only. Rare investment potential with income today and possibilities for tomorrow.

Features

5.43 ac. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Columbiana over the last 12 months, the estimated median property value of 106 Reed Drive is $190k.

Median value
$190k
Estimated value range
$72.5k - $489k
Median days on market
74
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Columbiana. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 106 Reed Drive

2025
Sold
$72,500
18 Aug 2025 by Ali Carson, of ARC Realty - Pelham Branch

Happy sellers in Columbiana

~%

We have insufficient information to provide an overview of customer satisfaction for Columbiana. Viewing the agent profiles, reviews and sales for Columbiana can provide insights for this location.

Local market activity for land plots in Columbiana

In the last 12 months, 14 land plots similar to 106 Reed Drive, have been sold.

This represents a 39% increase in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Columbiana

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Chad Beasley

Sellers who recommend Chad Beasley have praised them for being local expert, clear communication, responsive, supportive, detail-oriented, and well-prepared

  •   5   (68 reviews)
  •  1 Review in Columbiana
  •  3 Sales in Columbiana
View profile
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Penny Miller

Sellers who recommend Penny Miller have praised them for being local expert, responsive, supportive, clear communication, friendly, patient, and detail-oriented

  •   5   (100 reviews)
  •  1 Review in Columbiana
  •  3 Sales in Columbiana
View profile
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Susan Lehman

Sellers who recommend Susan Lehman have praised them for being local expert, clear communication, responsive, supportive, honest, empathetic, and well-prepared

  •   5   (122 reviews)
  •  1 Review in Columbiana
  •  2 Sales in Columbiana
View profile
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Charlie Snow

Charlie Snow is a recommended agent for Columbiana.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (4 reviews)
  •  1 Review in Columbiana
  •  1 Sale in Columbiana
View profile
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