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    921 28Th Ave Phenix City, AL 36869

    For Sale
    $480,000

    Prime Multifamily Land, Columbus Metro Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10-acre site in Phenix City, Alabama, presents a remarkable opportunity for multifamily development. Located in Russell County, this property boasts convenient access to US Highways 80 and 280, placing it within the thriving Columbus, Georgia metropolitan area. Zoned for residential and multifamily use, the site is ideally suited for the construction of approximately 28 duplex units, offering flexibility for a build-to-rent strategy or individual investor purchases. The property features readily available sanitary sewer and desirable topography, simplifying the development process. Its strategic location provides easy access to the Columbus Airport and a substantial population base of over 253,500 within a 10-mile radius, further enhanced by its proximity to Fort Moore and Fort Mitchell. The area demonstrates strong demographics, with an average household income exceeding $66,400 within a 10-mile radius. This location is surrounded by a robust commercial landscape, including over 4,200 commercial buildings of various types and classes within a 6-mile radius of Columbus, GA. The property's APN is 05 05 16 03 001 087.000. The asking price for this prime development land is $480,000. The address is 921 28th Ave, Phenix City, AL 36869.

    Property Features for 921 28Th Ave

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • Metro Columbus, GA location, within a 6‑mile radius of the city.
    • 10‑acre site zoned for 28 duplex units.
    • Build‑to‑rent or investor‑purchase duplex development opportunity.
    • Excellent access to US Highway 80 West and US Highway 280 via 28th Avenue.
    • Strong demographics: Average household income exceeding $66,400 within a 10‑mile radius, serving Fort Moore and Fort Mitchell personnel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0353021
    Latitude
    32.4642951

    Nearby Similar for Sale

    • $675,000
      Pending

      Phenix City Commercial Building

      Commercial building with office space and road frontage.
      3615 S Railroad St, Phenix City, AL 36867
      View Details
    • $129,000
      1,392 SF

      Phenix City Commercial Opportunity

      1,392 sq ft commercial property in high-traffic Phenix City.
      827 Seale Rd, Phenix City, AL 36867
      View Details
    • $250,000
      0.19 Acres

      Income-Producing Homes Investor Package

      Three single-family homes in Phenix City, AL, for sale.
      1900 10Th Ct, Phenix City, AL 36867
      View Details
    • $180,000
      1,987 SF

      Phenix City Commercial Building

      Versatile commercial building suited for office or professional use.
      1214 14Th St, Phenix City, AL 36867
      View Details
    • $180,000
      2,700 SF

      Move-in Ready Commercial Building

      Versatile commercial building suited for office or professional use.
      1214 14Th St, Phenix City, AL 36867
      View Details
    • $200,000
      1.00 Acre

      Former Daycare Facility on 1 Acre

      Versatile commercial property on 1 acre, suitable for various businesses.
      60 Lee Road 236, Phenix City, AL 36870
      View Details

    FAQs

    What type of property is this?
    Land - Prime Multifamily Land, Columbus Metro Area
    Where is this land located?
    The property is located at 921 28Th Ave Phenix City, AL.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Metro Columbus, GA location, within a 6-mile radius of the city.; 10-acre site zoned for 28 duplex units.; Build-to-rent or investor-purchase duplex development opportunity.
    (938) 666-1357
    Request Owner's contact information
    921 28Th Ave Phenix City, AL 36869
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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
    921 28Th Ave Phenix City, AL 36869
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