16K Vpd, Huntsville Msa

Land Description

RI Marketplace Online Auction Dec. 4-6, 2023.

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Investment Highlights

±1.09 AC of Dollar General Adjacent Land in Huntsville MSA with 16,312 VPD Traffic Counts Passing Site Daily

Population of ±26,348 and Average Household Income of ±$90,259 (10-Mile Radius); Recent 14% Population Growth

No Zoning Restrictions within City of Woodville or Jackson County

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±1.09-Acre land parcel located adjacent to 31723 Al-35 (the “Property”) in Woodville, Alabama approximately 23 miles southeast of Huntsville. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±1.09-Acre parcel in the Huntsville Msa, situated adjacent to Dollar General with access and visibility on Willow Street with traffic counts of 2,127 vehicles per day and visibility on Lee Highway with traffic counts of ±14,185 Vpd. Within ten miles of the Property, the population has grown 14% since 2010 with future growth of 5.15% anticipated between 2023 and 2028. Due to its strategic location in a growing market, the Property presents investors with a prime development opportunity with the potential for significant upside.

Situated in Woodville, just southeast of Huntsville, the region is currently experiencing a remarkable phase of growth, making it an enticing prospect for commercial real estate investors. The 10-mile trade area is supported by ±26,348 residents boasting an average household income of ±$90,259. With easy access downtown Huntsville, this offering provides the opportunity to develop an extremely well-located asset within a growth market.

John Mickey Fowler

c/o Fisher Auction Company Inc.

License: Alsl466