1.32 Acre Parcel, Birmingham Msa
Chelsea, AL 35043
Shelby County, Alabama
Land Description
RI Marketplace Online Auction November 4-6, 2024.
Register to bid on Marketplace.
Investment Highlights
±1.32 Acres of Land adjacent to Dollar General in Chelsea, Alabama; 20 miles South of Birmingham
Annual Household Income of and Population of ±23,357 Individuals (5-Mile Radius)
6.7% Population Growth from 2020-2024 and 9% Future Growth Anticipated (5-mile radius)
±5,254 VPD Traffic Counts on Cr-39 and near Intersection of Cr-36 with ±2,066 Vpd
Zoned B1, Neighborhood Business District Zoning for a Variety of General Commercial Uses & Activities
Absolute Auction - NO Reserve
Offering Summary
Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±1.32-Acre land parcel located adjacent to 81 County Road 36 (the “Property”) in Chelsea, Alabama. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property is a ±1.32-Acre parcel situated on County Road 39 with traffic counts of ±5,254 vehicles per day and near the intersection of County Road 36 with traffic counts of ±2,066 vehicles per day. The Property benefits from highly favorable B1, Neighborhood Business District zoning that allows for a wide variety of uses including retail, banks, professional office, restaurants, and others.
Chelsea, Alabama, is a fast-growing suburban city located in Shelby County, about 20 miles southeast of Birmingham. Known for its family-friendly atmosphere, excellent school system, and suburban appeal, Chelsea has seen significant population growth in recent years, driven by people moving out of Birmingham in search of more space and a quieter lifestyle. The city's population has more than doubled since 2000, making it one of the fastest-growing cities in Alabama. The Property is in a very dense area that serves ±23,357 individuals with an average household income of within a 5-mile radius. The population has experienced 6.7% growth from 2020-2024 with 9.06% growth expected to continue through 2029. With easy access downtown Birmingham, this offering provides the opportunity to develop an extremely well-located asset within a growth market.
Daniel Culps
c/o Fisher Auction Company Inc.
License: 5070
