2501 Morgan RdBessemer, AL 35022

  • Land
  • 3.03 AC
For Sale
$600,000 View listing

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
2501 Morgan Rd, Bessemer, Alabama

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,083
$15,760
-
$15,760
-
$78,800
-
$78,800

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