120 Mordecai Ln Bessemer, AL 35022
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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