13K Vpd, Dollar General Adjacent
Elberta, AL 36530
Baldwin County, Alabama
Land Description
RI Marketplace Online Auction July 22-24, 2024.
Register to Bid on Marketplace.
Investment Highlights
±0.80 Acres of Land Adjacent to Dollar General in Elberta, Alabama
33% Population Growth from 2010-2023 and 8.6% Future Growth Anticipated (5-mile radius)
Attractive Demographics with ±16,471 Individuals and Annual Household Income of (5-Mile)
Near US Hwy 98 with 12,975 VPD Traffic Counts with Access/Visibility via Dakota St and Illinois St
Medium Density Residential Zoning with Flexible Uses Permitted
Absolute Auction - NO Reserve
Offering Summary
Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.80-Acre land parcel located adjacent to 24816 State Street (the “Property”) in Elberta, Alabama. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property is a ±0.80-Acre parcel situated adjacent to Dollar General with access and visibility on both Dakota Street and Illinois Street. The Property benefits from highly favorable R-2, Medium Density Residential zoning that allows for a wide variety of uses including duplex and single-family dwellings. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.
Located in Baldwin County, Elberta benefits from its proximity to major transportation routes such as US Highway 98 and provides convenient access to nearby cities like Mobile (±40 Miles) and Pensacola, Florida (±55 Miles). The Property benefits from strong demographics with a population of 67,358 residents and an average household income of within a 10-mile radius. The population has experienced 33.88% growth from 2010-2023 with 8.64% growth expected to continue through 2028.
John Mickey Fowler, Auctioneer
Fisher Auction Company Inc.
License: Alsl466
