For Sale
$325,000

901 Lake MallBessemer, AL 35020

12,000 SF Vacant Storefront, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • 1.55-acre lot in Bessemer, Alabama.
  • Westlake Mall revitalization project increases property value.
  • Attractively priced at $26 per square foot.
  • Located in an Opportunity Zone.
  • Vacant, 12,000 square foot storefront; formerly a DaVita Dialysis Clinic.
  • Built in 1969, renovated in 1973.

Property Details for 901 Lake Mall

Property type
Retail properties, Retail space
Square Feet
12,000 SF
Class
D
Year Built/Renovated
1969/1973

Location Insight

City
Bessemer
County
Jefferson
State
Alabama
Latitude
33.3947939
Longitude
-86.9719285
901 Lake Mall, Bessemer, Alabama

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901 Lake Mall
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