901 Lk Mall Bessemer, AL 35020-5393
This exceptional 12,000-square-foot vacant storefront, located at 901 W Lake Mall in Bessemer, Alabama (zip code 35020), presents a compelling investment opportunity. Situated on a sizable 1.55-acre lot, this Class D property offers significant redevelopment potential. Originally built in 1969 and renovated in 1973, the building previously housed a DaVita Dialysis Clinic. The asking price is $325,000, translating to an attractive price per square foot of $27.08. The property's strategic location directly in front of Westlake Mall, currently undergoing a transformation into a large industrial facility, promises substantial future value appreciation. This prime location, coupled with its designation as an Opportunity Zone, makes this a highly attractive investment for developers seeking a high-return project. The net rentable area is 12,480 square feet. The property is currently vacant, offering a blank canvas for a variety of commercial uses. This is a rare chance to capitalize on the revitalization of Westlake Mall and the benefits of an Opportunity Zone designation. Don't miss this chance to acquire a significant property in a rapidly developing area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
SC3 · Bessemer, ALBessemer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.