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    901 Lake Mall Bessemer, AL 35020

    Sponsored
    For Sale
    $325,000

    12,000 SF Vacant Storefront, Opportunity Zone

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,000-square-foot vacant storefront, located at 901 W Lake Mall in Bessemer, Alabama (zip code 35020), presents a compelling investment opportunity. Situated on a sizable 1.55-acre lot, this Class D property offers significant redevelopment potential. Originally built in 1969 and renovated in 1973, the building previously housed a DaVita Dialysis Clinic. The asking price is $325,000, translating to an attractive price per square foot of $27.08. The property's strategic location directly in front of Westlake Mall, currently undergoing a transformation into a large industrial facility, promises substantial future value appreciation. This prime location, coupled with its designation as an Opportunity Zone, makes this a highly attractive investment for developers seeking a high-return project. The net rentable area is 12,480 square feet. The property is currently vacant, offering a blank canvas for a variety of commercial uses. This is a rare chance to capitalize on the revitalization of Westlake Mall and the benefits of an Opportunity Zone designation. Don't miss this chance to acquire a significant property in a rapidly developing area.

    Property Features for 901 Lake Mall

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,000 SF
    Class
    D

    Building Details

    Year Built/Renovated
    1969/1973

    HighLights

    • 1.55‑acre lot in Bessemer, Alabama.
    • Westlake Mall revitalization project increases property value.
    • Attractively priced at $26 per square foot.
    • Located in an Opportunity Zone.
    • Vacant, 12,000 square foot storefront; formerly a DaVita Dialysis Clinic.
    • Built in 1969, renovated in 1973.
    Property Profile Location Intelligence

    Current Use by Public Records

    DaVita Bessemer Dialysis Dialysis Center Spectrum One Mobile Internet Marketing Service Gambro Healthcare Training ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9719285
    Latitude
    33.3947939

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    FAQs

    What type of property is this?
    Individual retail property - 12,000 SF Vacant Storefront, Opportunity Zone
    Where is this individual retail property located?
    The property is located at 901 Lake Mall Bessemer, AL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 1.55-acre lot in Bessemer, Alabama.; Westlake Mall revitalization project increases property value.; Attractively priced at $26 per square foot.
    Request Owner's contact information
    901 Lake Mall Bessemer, AL 35020
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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
    901 Lake Mall Bessemer, AL 35020
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