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Commercial

$1 Auction – 3.83 Acre Parcel | Tuscaloosa MSA | 8K VPD

18158 US-11, Vance, AL 35490

Starting Bid: $1

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

Investment Overview

RI Marketplace Online Auction June 24-26, 2024
Register to Bid on Marketplace - https://rimarketplace.com/auction/1987/


Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±3.83-acre land parcel located at 18158 Hwy 11 N (the “Property”) in Vance, Alabama. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property is a ±3.83-acre parcel with frontage and visibility on US Hwy 11 with traffic counts of 8,410 vehicles per day. The Property was originally positioned on ±4.20 acres of land however, the Alabama Department of Transportation, ALDOT, recently acquired ±0.37 acres formerly belonging to the site for $30,000 ($81,081/acre) for the widening of U.S. Highway 11. This parcel offers potential investors the ability to acquire a land play that is ideal for future commercial/retail development by an end-user or build-to-suit developer looking to capitalize on the anticipated growth once the US-11 widening project is completed. The Property benefits from highly favorable B-1, community business zoning that allows for a wide variety of uses including retail, financial, office, medical, restaurant, 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.

Vance, Alabama is located between Interstate 20/59 and U.S. Highway 11, along Alabama’s “Automotive Corridor” between two of Alabama’s largest metropolitan areas, Tuscaloosa and Birmingham. Vance is known as a small, friendly community with a vast global presence as home to the Mercedes-Benz U.S. International assembly facility, positioned just a ½-mile from the Property. Located in Tuscaloosa County within the Tuscaloosa MSA, this former Dollar General offers easy accessibility with prime frontage on U.S. Highway 11 (±8,410 VPD) and is positioned less than 3-miles from I-20. Significant growth in industry over the last 25 years has transformed the US-11 corridor from Daimler Benz Blvd. to Highway 5 into one of the most traveled roadways in the region. Because of some much recent economic growth brought by Mercedes-Benz U.S. International, Inc (MBUSI) and higher traffic volume, the Alabama Department of Transportation began the US-11 widening project. The Property is positioned in the immediate path of future development once the Hwy 11 widening project is completed and is anticipated to foster a substantial amount of new growth and economic development to the immediate area. The Property positioned ±28-minutes from Bessemer Municipal Airport, ±25-minutes from downtown Tuscaloosa, and ±35-minutes from Birmingham. Vance Elementary School is located adjacent to the Property (±500 students) and the City of Tuscaloosa with it premier higher education institutions including The University of Alabama serving nearly 40,000 students, Shelton State Community College Community (±7,000 total students), and Stillman College (±900 students) are less than 30-minutes from the Property. In addition to several MBUSI facilities in the area, other major corporate demand drivers proximate to the Property include KyKenKee, a major producer of Wood Products/Wood Byproducts with nearly 700-employees (±3-min); and Brose Tuscaloosa with nearly 700-employees (±5-min). The Property is strategically located in an area that serves nearly 28,500 individuals with an annual household income of ±$83,500 within an expanded 10-mile area.

John Mickey Fowler
c/o Fisher Auction Company Inc.
License: ALSL466

Investment Highlights

  • ABSOLUTE $1 AUCTION | 4.3 Acre Parcel | Tuscaloosa MSA | 8K VPD | AUCTION JUNE 24-26, 2024
  • ±3.83 AC Value-Add Land Opportunity in Tuscaloosa, Alabama MSA
  • Just 0.5-Miles from Mercedes Benz US Assembly Plant
  • Direct Highway Frontage on US Hwy 11 with Road Widening Project Underway; 8,410 VPD Traffic and Excellent Visibility
  • Attractive Demographics with 10-Mile Population of ±27,146 Individuals and Annual Household Income of ±$78,225 | 9% Growth 2023-2028
  • Zoned B-1, Community Business District with Flexible Uses Permitted

Auction Advisors

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Commercial

$1 Auction – 3.83 Acre Parcel | Tuscaloosa MSA | 8K VPD

Starting Bid: $1

Lot Size
3.83 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 | 4.3 Acre Parcel | Tuscaloosa MSA | 8K VPD | AUCTION JUNE 24-26, 2024
  • ±3.83 AC Value-Add Land Opportunity in Tuscaloosa, Alabama MSA
  • Just 0.5-Miles from Mercedes Benz US Assembly Plant
  • Direct Highway Frontage on US Hwy 11 with Road Widening Project Underway; 8,410 VPD Traffic and Excellent Visibility
  • Attractive Demographics with 10-Mile Population of ±27,146 Individuals and Annual Household Income of ±$78,225 | 9% Growth 2023-2028
  • Zoned B-1, Community Business District with Flexible Uses Permitted

Investment Overview

RI Marketplace Online Auction June 24-26, 2024 Register to Bid on Marketplace - https://rimarketplace.com/auction/1987/ Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±3.83-acre land parcel located at 18158 Hwy 11 N (the “Property”) in Vance, Alabama. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property is a ±3.83-acre parcel with frontage and visibility on US Hwy 11 with traffic counts of 8,410 vehicles per day. The Property was originally positioned on ±4.20 acres of land however, the Alabama Department of Transportation, ALDOT, recently acquired ±0.37 acres formerly belonging to the site for $30,000 ($81,081/acre) for the widening of U.S. Highway 11. This parcel offers potential investors the ability to acquire a land play that is ideal for future commercial/retail development by an end-user or build-to-suit developer looking to capitalize on the anticipated growth once the US-11 widening project is completed. The Property benefits from highly favorable B-1, community business zoning that allows for a wide variety of uses including retail, financial, office, medical, restaurant, 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. Vance, Alabama is located between Interstate 20/59 and U.S. Highway 11, along Alabama’s “Automotive Corridor” between two of Alabama’s largest metropolitan areas, Tuscaloosa and Birmingham. Vance is known as a small, friendly community with a vast global presence as home to the Mercedes-Benz U.S. International assembly facility, positioned just a ½-mile from the Property. Located in Tuscaloosa County within the Tuscaloosa MSA, this former Dollar General offers easy accessibility with prime frontage on U.S. Highway 11 (±8,410 VPD) and is positioned less than 3-miles from I-20. Significant growth in industry over the last 25 years has transformed the US-11 corridor from Daimler Benz Blvd. to Highway 5 into one of the most traveled roadways in the region. Because of some much recent economic growth brought by Mercedes-Benz U.S. International, Inc (MBUSI) and higher traffic volume, the Alabama Department of Transportation began the US-11 widening project. The Property is positioned in the immediate path of future development once the Hwy 11 widening project is completed and is anticipated to foster a substantial amount of new growth and economic development to the immediate area. The Property positioned ±28-minutes from Bessemer Municipal Airport, ±25-minutes from downtown Tuscaloosa, and ±35-minutes from Birmingham. Vance Elementary School is located adjacent to the Property (±500 students) and the City of Tuscaloosa with it premier higher education institutions including The University of Alabama serving nearly 40,000 students, Shelton State Community College Community (±7,000 total students), and Stillman College (±900 students) are less than 30-minutes from the Property. In addition to several MBUSI facilities in the area, other major corporate demand drivers proximate to the Property include KyKenKee, a major producer of Wood Products/Wood Byproducts with nearly 700-employees (±3-min); and Brose Tuscaloosa with nearly 700-employees (±5-min). The Property is strategically located in an area that serves nearly 28,500 individuals with an annual household income of ±$83,500 within an expanded 10-mile area. John Mickey Fowler c/o Fisher Auction Company Inc. License: ALSL466

Auction Advisors

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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