901 Lake MallBessemer, AL 35020

Property Details for 901 Lake Mall

Year built

1969

Lot size

1.55 AC

Property size (Sq ft)

12,480 SF

Zone code

SC3

Property type

Healthcare properties

Property subtype

Medical offices

APN

38-00-08-4-003-005.000

APU

3800084003005000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,639,574

  6.5%

  $2,436,530

  7%

  $2,262,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,032,867

  Geo Method

  $2,434,349

• Alternative Use

  Use

  Valuation

  Residential

  $3,021,298

  Hospitality

  $2,767,492

  Educational

  $2,302,521

  Medical

  $2,381,708

  Retail

  $3,581,700

Location Insight

City

Bessemer

County

Jefferson

State

Alabama

Latitude

33.3949

Longitude

-86.9718

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].