Current Use by Public Records
- Land
Property Details for 81 Co Rd
- Lot size
- 1.32 lot acres
- Property type
- Land
Description
This exceptional 1.32-acre commercial land parcel presents a unique investment opportunity. Located adjacent to 81 County Road 36 in Chelsea, Alabama, this fee-simple property is zoned B1, Neighborhood Business District, allowing for diverse commercial uses including retail, restaurants, banks, and professional offices. The site boasts a strategic location with high traffic counts: approximately 5,254 vehicles per day on County Road 39 and approximately 2,066 vehicles per day on the nearby intersection of County Road 36. Situated within the Birmingham MSA, this property benefits from a robust demographic profile. A 5-mile radius encompasses approximately 23,357 individuals with an average household income of approximately $121,075. Chelsea's impressive population growth, exhibiting a 6.7% increase from 2020-2024 and a projected 9% future growth, further underscores the investment potential. This property is part of an absolute $1 auction with no reserve, scheduled for November 4-6, 2024. The property is approximately 20 miles south of Birmingham, offering convenient access to a major metropolitan area. This is a rare chance to acquire a well-positioned commercial lot in a thriving market. Due diligence documents are available.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chelsea
- County
- Shelby
- State
- Alabama
- Longitude
- -86.6569
- Latitude
- 33.3151
