Investment Overview

Marcus and Millichap is delighted to present a unique investment opportunity: the acquisition of 40.7 acres of commercially zoned land in Bessemer, Alabama. This land currently is home to a 320,000 square foot vacant mall, and an amazon storage facility occupying a few acres in the parking lot. The amazon facility currently pays $27,000 gross per month, that they will likely renew for one year in January of 2024. This unique set up allows for an investor to come in generating immediate income while creating a plan of how to utilize this massive parcel of land and retail space to its highest and best use. Bessemer has seen multiple industrial developments over the past few years. Among these include Lowes 1.2 million square foot distribution facility, a Carvana distribution and fulfillment center, and a 300,000 square-foot FedEx facility