For Sale
$1

5661 Lee RdSalem, AL 36874

3.29-acre lot, high-traffic area, $1 auction.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Absolute $1 auction, no reserve; Auction date: November 4-6, 2024.
  • ±3.29-acre commercial land parcel adjacent to Dollar General in Salem, AL.
  • ±4.11% population growth (2020-2024) and projected ±8.13% growth within a 10-mile radius.
  • 590 feet of frontage on State Route 169, with 3,145 vehicles per day (VPD).
  • Strong demographics: ~47,225 residents within 10 miles, average household income ~$74,896.
  • Lee County's absence of zoning allows for flexible commercial development.

Property Details for 5661 Lee Rd

Property type
Land
Lot Size (sq. ft)
143,312 SF

Location Insight

City
Salem
County
Lee
State
Alabama
Latitude
32.627146253927
Longitude
-85.154518291503
5661 Lee Rd, Salem, Alabama

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5661 Lee Rd
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