PROPERTY DESCRIPTION

This is truly a stunning parcel of land (2 parcels actually). With unlimited potential, this nearly 92 acres is ideally situated on the corner of Hwy 106 and Hwy 29 in Hull (across from Ingles). The land itself is one of a kind. Cleared but private (trees around the perimeter), open and level with some rolling hills. There are numerous structures on the property currently: 2 individual homes, a large workshop (see pics), 9 trailers (all of whom have been income producing, but all leases end on or before 12/31/23 to facilitate the property going on the market). With an IMPECCABLE location in Madison County between Hwy 29 and Hwy 106 across from the Ingles in Hull and Hull-Sanford Elementary, this property would make a wonderful site for a sub-division or a mixed use development. There are already parking slabs in the mobile home section (can you say RV park?) and the entire property is fenced. There is a Waffle House going in where old bank is on 29 (to the rt of the Family Dollar) and Madison Co has reportedly approved the addition of SEWER right there as a result (please confirm details with Planning and Zoning). This is a HUGE deal in Madison Co and also allows lot sizes to be less that the 1.5 acre requirement for septic (greater density for a subdivision). Limitless possibilities. Fabulous location. Unprecedented Options. Additional Details about the existing structures: The primary home is white ranch cottage featuring about 884 square feet with 1 bedroom and 1 full bathroom kitchen and additional flex room that could be used as a bedroom potentially and in need of some updating. This is the original homestead from the mid-1800s. The secondary structure is a Two Story Blue Home featuring 2 separate living spaces. Upstairs features 1 bedroom 1 full bathroom and full kitchen, small living area, and a separate exterior entrance. Downstairs features approximately 1 room, 1 full bathroom (with Standing Shower) and a Kitchenette and Living Area. Both Upstairs and Downstairs have interior stair access between the spaces currently. There are also 8 mobile homes on the property most of which can be accessed off Norwood Road. These located off Norwood Rd cannot be viewed inside at this time. The 9th mobile home is on the other side of the property adjacent to the 2 permanent homes. No frontage on Hwy 29. Access is behind the Family Dollar (recorded easement). There is also access off Norwood/Hwy 106. This accesses the trailer park section. A livestock fence connects the two properties. It is operable and you are welcome to drive through it. All leases will be terminated as of 12/31/23.