2501 Morgan RdBessemer, AL 35022
- Land
- 3.03 AC
Property Details for 2501 Morgan Rd
- Lot size
- 3.03 AC
- Zone code
- R2
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 38-00-35-2-001-029.000
- APU
- 3800352001029000
Description
This exceptional 3.03-acre commercial property boasts over 300 feet of road frontage on heavily trafficked Morgan Road in Bessemer, Alabama. Its strategic location offers unparalleled access to I-459 and numerous light industrial facilities, including prominent distribution centers for Carmax and Lowe's. The property benefits significantly from the planned Jefferson County Lakeshore Drive Extension Project, which will dramatically improve accessibility and visibility by creating a single intersection at Highway 150 and widening Morgan Road to five lanes. This expansion, starting near the Carvana facility, will significantly enhance the property's value and appeal. The site is perfectly suited for light industrial distribution, storage, or support services. An existing 1201 square foot residence situated on the property presents a potential opportunity for immediate office space. Furthermore, the possibility exists to acquire an additional 3 acres from an adjacent property, expanding the development potential even further. Sewer access is available in the immediate area. Tax records indicate the total acreage to be 4.174 acres. This presents a rare chance to capitalize on a prime location poised for significant growth and development.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $31,952,884
- Hospitality
- $29,268,670
- Educational
- $24,351,190
- Medical
- $25,188,664
- Retail
- $37,879,628
Location Insight
- City
- Bessemer
- County
- Jefferson
- State
- Alabama
- Latitude
- 33.3432
- Longitude
- -86.929
- CBSA code
- 13820
- CBSA name
- BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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