5661 Lee RdSalem, AL 36874

Property Details for 5661 Lee Rd

Lot size

3.29 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Salem

County

Lee

State

Alabama

Latitude

32.6271

Longitude

-85.1545

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