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18 Percent Pop Growth, 0.9 Acre

Millbrook, AL 36054

Elmore County, Alabama

0.90 Acre
Land Auction
December 7, 2023 12:00 PM
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Land Description

RI Marketplace Online Auction.

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Investment Highlights

±0.9 AC of Land Adjacent to Dollar General in Montgomery, Alabama Msa

Attractive Demographics with 5-Mile Population of ±43,133 Individuals and Annual Household Income of ±$79,757

Nearby Retail: Winn-Dixie, Walmart, Cvs, Dollar General, Marvin's Hardware, Tractor Supply, Hardee's, McDonald's, Pizza Hut, Shell, and more

22,607 VPD Traffic Counts on State Route 14 and 15,285 VPD on Deatsville Hwy Less than 0.5 Miles Away

Federal Opportunity Zone

Favorable C-2, Highway Commercial Zoning with Flexible Uses Permitted including Self-Storage

18.3% Population Growth from 2010-2023 and Future Growth Anticipated (5-mile radius)

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.9-Acre land parcel located adjacent to 4041 Al-14 (the “Property”) in Millbrook, Alabama approximately 13 miles north of Montgomery. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property is a ±0.9-Acre parcel in the Montgomery Msa, situated adjacent to Dollar General near the signalized intersection of State Route 14 with traffic counts of ±15,285 vehicles per day and Deatsville Hwy with traffic counts of ±15,285 vehicles per day. The Property benefits from proximity to a strong commercial node within this affluent residential community. Nearby retailers include Winn-Dixie, Walmart, Cvs, Dollar General, Marvin's Hardware, Tractor Supply, Hardee's, McDonald's, Pizza Hut, Shell, and more. The Property benefits from highly favorable C-2, Highway Commercial zoning that allows for a wide variety of uses including retail, self-storage, office, and many more. Within five miles of the Property, the population has grown 18.3% since 2010 with future growth of 8.46% anticipated between 2023 and 2028. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.

Millbrook, Alabama, is a strategically positioned city, offering an exceptional opportunity for commercial real estate investors. Located just minutes away from the vibrant state capital of Montgomery, this prime location provides an invaluable advantage. The 5-mile trade area is supported by ±43,133 residents boasting an average household income of ±$79,757. With easy access downtown Montgomery via I-65, this offering provides the opportunity to develop an extremely well-located asset within a growth market.

John Mickey Fowler

Fisher Auction Company Inc.

License: Alsl466

Land Maps & Attachments

More Land Details

Commercial Zoning
Flat Terrain
Paved Road Access
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