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2.56 Acres, Dollar General Adjacent

Rainbow City, AL 35906

Etowah County, Alabama

2.56 Acres
Land Auction
December 6, 2023 12:00 PM
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Land Description

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

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Investment Highlights

±2.56 AC of Land in Gadsden MSA with 12,545 VPD Traffic Counts Passing Site Daily

Population of ±34,945 and Average Household Income of ±$70,869 (5-Mile Radius)

Flexible HC, Highway Commercial Zoning with Permitted Uses including Retail, Financial, Office, Single-Family Residential, Restaurant, and Self-Storage

Nearby Retail: Winn Dixie, Big Lots, Publix, Dollar Tree, and more | I-759 Positioned ±5 Miles North

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±2.56-Acre land parcel located adjacent to 4010 Rainbow Drive (the “Property”) in Rainbow City, Alabama approximately 6 miles south of downtown Gadsden. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±2.56-Acre parcel in the Gadsden Msa, situated adjacent to Dollar General with frontage and visibility on Rainbow Drive with traffic counts of ±12,545 vehicles per day. The Property benefits from proximity to a strong commercial node and logistics drivers within an established residential community. Nearby retailers include Dollar General, Winn Dixie, Big Lots, Publix, Dollar Tree, and more. Within five miles of the Property, the population has grown since 2010 with future growth of 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.

Rainbow City, Alabama, located in Etowah County, is a prime destination for investors seeking opportunities in the heart of the South. The city boasts a strategic location, positioned along the Coosa River and offering excellent connectivity to major transportation routes, including Interstate 59 and I-759. The 5-mile trade area is supported by ±34,945 residents boasting an average household income of ±$70,869. With easy access downtown Gadsden, this offering provides the opportunity to develop a well-located asset within a growth market.

John Mickey Fowler

c/o Fisher Auction Company Inc.

License: Alsl466

Land Maps & Attachments

More Land Details

Commercial Zoning
Flat Terrain
Paved Road Access
AUCTIONFLIP ID
361681
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