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Commercial

$1 Auction – 2.89 Acre Parcel | 9K VPD | Dollar General Adjacent

adj. to 18341 US-84, New Brockton, AL 36351

Starting Bid: $1

Lot Size
2.89 acres
Price/Acre
$0
Land Type
Land
Auction Type
Absolute
Auction Start Date
Jun 24, 2024
Auction End Date
Jun 26, 2024

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/1996/

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±2.89-acre land parcel located adjacent to 18341 US-84 (the “Property”) in New Brockton, Alabama. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property is a ±2.89-acre parcel situated adjacent to Dollar General with visibility on US Hwy 84 with traffic counts of ±8,179 vehicles per day and access and visibility on Tyler Street with traffic counts of ±1,025 vehicles per day. The Property benefits from proximity to a strong commercial node within this affluent residential community. The Property is less than a mile from Ben E Keith Food Distribution and New Brockton High School. The Property benefits from highly favorable C-2, Heavy Commercial zoning that allows for a wide variety of uses including retail and many more. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.

The Property is conveniently located less than a mile from downtown New Brockton within Coffee County. The city's proximity to major metropolitan areas such as Montgomery (84-miles) and Panama City Beach, Florida (96-miles), positions it as a prime destination for commercial development. The Property is strategically surrounded by numerous roof tops and is located in an area that serves ±45,750 people with an average household income of ±$74,566 within a 10-mile area. The population has experienced 10.51% growth from 2010-2023 with 3.64% growth expected to continue through 2028.

Investment Highlights

  • ABSOLUTE $1 AUCTION | 2.89 Acre Parcel | 9K VPD | Dollar General Adjacent | AUCTION JUNE 24-26, 2024
  • ±2.89 Acres of Land Adjacent to Dollar General in New Brockton, Alabama
  • Attractive Demographics with ±45,750 Individuals and Annual Household Income of ±$74,566 (10-Mile)
  • 10.51% Population Growth from 2010-2023 and 3.64% Future Growth Anticipated (10-mile radius)
  • Prime Frontage on Both US Hwy 84 with ±8,179 VPD Traffic Counts and Tyler Street Having ±1,025 VPD
  • Favorable C-2, Heavy Commercial Zoning with Flexible Uses Permitted including Retail

Auction Advisors

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Commercial

$1 Auction – 2.89 Acre Parcel | 9K VPD | Dollar General Adjacent

Starting Bid: $1

Lot Size
2.89 acres
Price/Acre
$0
Land Type
Land
Auction Type
Absolute
Auction Start Date
Jun 24, 2024
Auction End Date
Jun 26, 2024

Investment Highlights

  • ABSOLUTE $1 AUCTION | 2.89 Acre Parcel | 9K VPD | Dollar General Adjacent | AUCTION JUNE 24-26, 2024
  • ±2.89 Acres of Land Adjacent to Dollar General in New Brockton, Alabama
  • Attractive Demographics with ±45,750 Individuals and Annual Household Income of ±$74,566 (10-Mile)
  • 10.51% Population Growth from 2010-2023 and 3.64% Future Growth Anticipated (10-mile radius)
  • Prime Frontage on Both US Hwy 84 with ±8,179 VPD Traffic Counts and Tyler Street Having ±1,025 VPD
  • Favorable C-2, Heavy Commercial Zoning with Flexible Uses Permitted including Retail

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/1996/ Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±2.89-acre land parcel located adjacent to 18341 US-84 (the “Property”) in New Brockton, Alabama. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property is a ±2.89-acre parcel situated adjacent to Dollar General with visibility on US Hwy 84 with traffic counts of ±8,179 vehicles per day and access and visibility on Tyler Street with traffic counts of ±1,025 vehicles per day. The Property benefits from proximity to a strong commercial node within this affluent residential community. The Property is less than a mile from Ben E Keith Food Distribution and New Brockton High School. The Property benefits from highly favorable C-2, Heavy Commercial zoning that allows for a wide variety of uses including retail and many more. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside. The Property is conveniently located less than a mile from downtown New Brockton within Coffee County. The city's proximity to major metropolitan areas such as Montgomery (84-miles) and Panama City Beach, Florida (96-miles), positions it as a prime destination for commercial development. The Property is strategically surrounded by numerous roof tops and is located in an area that serves ±45,750 people with an average household income of ±$74,566 within a 10-mile area. The population has experienced 10.51% growth from 2010-2023 with 3.64% growth expected to continue through 2028.

Auction Advisors

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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