Property summary
This exceptional 3.29-acre commercial land parcel presents a unique investment opportunity. Located adjacent to a Dollar General in Salem, Alabama, on State Route 169, this property boasts approximately 590 feet of frontage and benefits from high visibility and traffic counts of approximately 3,145 vehicles per day. Lee County's absence of zoning ordinances allows for diverse commercial development options, making this site highly adaptable for various uses. The property's strategic location between Auburn and Phenix City, Alabama, and its proximity to Auburn University and Fort Moore, offers significant potential for growth. Strong demographics further enhance its appeal, with a 10-mile radius encompassing approximately 47,225 residents and an average household income of approximately $74,896. This area has shown robust population growth, with a 1.81% increase from 2020 to 2024 and a projected 8.63% growth through 2029. This is an absolute $1 auction with no reserve, taking place November 4-6, 2024. The property is offered fee simple. Detailed due diligence documents are available.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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