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Property profile & analytics
OFF-MARKET
Land

1201 Lake Dr Bessemer, AL 35022

1.4 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 1.4 ac (60,984 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Papa John's Pizza Restaurant
  • The Lice Place Birmingham Medical Clinic
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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