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    1201 Lake Dr Bessemer, AL 35022

    For Sale
    $500,000

    1.4-acre lot, prime Bessemer location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.4-acre commercial land parcel presents a unique investment opportunity in the thriving Morgan Village Shopping Center in Bessemer, Alabama. Located at 1201 Lake Drive SE, zip code 35022, this property boasts a highly visible position within a well-established retail center anchored by a Winn-Dixie grocery store. The site's immediate proximity to other popular national chains, including Dairy Queen, Wendy's, and Arby's, ensures high foot traffic and excellent brand visibility. The owner is willing to subdivide the lot, offering flexibility for various development plans. Its strategic location provides easy access to major thoroughfares, offering convenient connectivity to the greater Birmingham area, including Hoover, Helena, and McCalla. Morgan Road, a heavily trafficked artery, provides direct access to Bessemer Airport, downtown Helena, and the rapidly expanding Shelby County corridor. This prime location, combined with the potential for subdivision, makes this 1.4-acre lot an ideal investment for developers seeking a high-impact commercial project in a bustling retail environment. The asking price for this exceptional property is $500,000. Don't miss this chance to acquire a piece of Bessemer's vibrant commercial landscape.

    Property Features for 1201 Lake Dr

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • 1.4‑acre lot for sale in the Morgan Village Shopping Center, Bessemer, AL.
    • Owner will subdivide the lot.
    • Located in a Winn‑Dixie anchored center, near Dairy Queen, Wendy's, and Arby's.
    • Minutes from Hoover, Helena, and McCalla.
    • Easy access to the greater Birmingham area.
    • High‑traffic location on Morgan Road, providing access to Bessemer Airport, downtown Helena, and the Shelby County corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Pizza Restaurant The Lice Place Birmingham Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9173063
    Latitude
    33.3335086

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    FAQs

    What type of property is this?
    Land - 1.4-acre lot, prime Bessemer location.
    Where is this land located?
    The property is located at 1201 Lake Dr Bessemer, AL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 1.4-acre lot for sale in the Morgan Village Shopping Center, Bessemer, AL.; Owner will subdivide the lot.; Located in a Winn-Dixie anchored center, near Dairy Queen, Wendy's, and Arby's.
    (205) 868-3804
    Request Owner's contact information
    1201 Lake Dr Bessemer, AL 35022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Lake Dr Bessemer, AL 35022
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