3 Acre Parcel, 21K Vpd

Land Description

RI Marketplace Online Auction Dec. 5-7, 2023.

Register to Bid.

Investment Highlights

±3.03 AC of Land Adjacent to Dollar General in Montgomery, Alabama Msa

Attractive Demographics with 5-Mile Population of ±104,403 Individuals and Annual Household Income of ±$75,540

Nearby Retail: At Home, Sky Zone, Big Lots, American Freight, Goodwill, Planet Fitness, and many more

21,481 VPD Traffic Counts on Wares Ferry Road and Nearby Signalized Intersection with N Eastern Blvd Having ±58,584 Vpd

Favorable M-1, Light Industrial Zoning with Flexible Uses Permitted including Retail, Bank, Office, and Warehousing

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±3.03-Acre land parcel located at to 5560 Wares Ferry Road (the “Property”) in Mongomery, Alabama. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±3.03-Acre parcel situated adjacent to Dollar General near the signalized intersection of Wares Ferry Road with traffic counts of ±21,481 vehicles per day and N Eastern Blvd with traffic counts of ±37,103 vehicles per day. The Property benefits from proximity to a strong commercial node within this affluent residential community. Nearby retailers include At Home, Sky Zone, Big Lots, American Freight, Goodwill, Planet Fitness, Lowe's, Sam's Club, Dillard's, and more. The Property is less than 0.5 miles from Eastdale Mall, a regional enclosed shopping mall with over 900,000 square feet of retail space. The Property benefits from highly favorable M-1, Light Industrial zoning that allows for a wide variety of uses including retail, financial, office, warehousing, and many more. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.

The Property is conveniently located 6 miles east of downtown, in the city of Montgomery within Montgomery County. The Property is easily accessible and is ideally positioned just 5-minutes north of the highly trafficked I-85 with ±93,717 vehicles per day and offers prime visibility and frontage on Wares Ferry Road which carries ±21,481 Vpd. The Property is located near several economic demand drivers and is just ±2-min from Eastdale Mall. The Property is strategically surrounded by numerous roof tops and is located in an area that serves ±103,403 people with an average household income of ±$75,540 within a 5-mile area.

John Mickey Fowler

Fisher Auction Company Inc.

License: Alsl466