Property profile

120 Mordecai Ln Bessemer, AL 35022

OFF-MARKET
Land
Property ID
US03-0615974
11 ac lot
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Property summary

AI-generated overview

This ±11-acre property in Bessemer, Alabama, presents a unique development opportunity. Located at 120 Mordecai Ln, 35022, this land boasts exceptional visibility from I-59/20, just west of Exit 108 Academy Drive, offering significant exposure for any development. Currently zoned AG1, the property requires rezoning for multi-family or commercial uses. The site is ideal for various projects, including multi-family housing, senior or assisted living facilities, and other commercial ventures. Key features include approximately 1000 feet of interstate frontage, level land, and two active wells on-site. All municipal utilities are available at the property line or on-site. The high traffic volume of I-59/20 (59,612 vehicles per day) further enhances the property's desirability. Its proximity to New Medical West Hospital (8 minutes away) and easy access to I-459 and I-59/20 provide additional advantages. This prime location and versatile zoning potential make this an attractive investment for developers seeking a high-impact project in a rapidly growing area. The asking price is $950,000.

Property profile

Verified
Property type Land
Lot 11 ac (479,160 SF)
UPID US03-0615974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

120 Mordecai Ln Bessemer, AL 35022
Bessemer metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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