Multi-Family
10 AC Multifamily Development Site
921 28th Ave, Phenix City, AL 36869
Listing Price: $480,000
Investment Overview
Marcus & Millichap is pleased to present for sale, this 10-acre site located within Russell County in the Columbus, Georgia metropolitan area. The property has easy access to US Highways 80 and 280 in the growing market of Phenix City, Alabama. With sanitary sewer available at the site and desirable topography, the site offers a development team the opportunity to build out 28 duplex multifamily units. There is potential for the site to be a build-to-rent neighborhood development that a merchant builder could flip in a short timeline. A 10-mile radius provides access to the Columbus Airport, a population of 253,500 and serves the personnel of Fort Moore and Fort Mitchell.
10 AC Multifamily Development Site
Investment Highlights
- Metro Columbus, GA | Site located to the west of and within a 6-mile radius of Columbus, GA | +4,200 commercial buildings of all product types and classes within this radius
- Desirable Development Concept | Zoned for 28 duplexes on a 10-acre site
- Flexibility | Possibility for duplex homes as "build-to-rent" product or as investor purchase
- Excellent access | US Highway 80 West & US Highway 280 via 28th Avenue
- Strong Demographics | Average household income over $66,400 in 10-mile radius | Area serves the personnel of Fort Moore and Fort Mitchell
Broker of Record
Financing By
Listing Price: $480,000
Investment Highlights
- Metro Columbus, GA | Site located to the west of and within a 6-mile radius of Columbus, GA | +4,200 commercial buildings of all product types and classes within this radius
- Desirable Development Concept | Zoned for 28 duplexes on a 10-acre site
- Flexibility | Possibility for duplex homes as "build-to-rent" product or as investor purchase
- Excellent access | US Highway 80 West & US Highway 280 via 28th Avenue
- Strong Demographics | Average household income over $66,400 in 10-mile radius | Area serves the personnel of Fort Moore and Fort Mitchell
Investment Overview
Marcus & Millichap is pleased to present for sale, this 10-acre site located within Russell County in the Columbus, Georgia metropolitan area. The property has easy access to US Highways 80 and 280 in the growing market of Phenix City, Alabama. With sanitary sewer available at the site and desirable topography, the site offers a development team the opportunity to build out 28 duplex multifamily units. There is potential for the site to be a build-to-rent neighborhood development that a merchant builder could flip in a short timeline. A 10-mile radius provides access to the Columbus Airport, a population of 253,500 and serves the personnel of Fort Moore and Fort Mitchell.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
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