Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2098/ Marcus & Millichap and Ingram & Associates are pleased to present 16 custom home lots (the "Property" or "Parcels") in the Carrington Lakes master-planned community in Trussville, AL (Birmingham MSA). This Property offers an exceptional development opportunity in a resort-like, gated community within a fast growing market. FIRST BID MEETS RESERVE! The Property consists of 16 individually parceled lots ranging from 0.2 acres to 0.8 acres within Carrington Lakes. Community amenities include a clubhouse with a junior Olympic-sized pool, tennis courts, a playground, multiple stocked fishing lakes, boat launches, and more. The Parcels are currently zoned Residential with three parcels zoned R-1, seven parcels zoned R-2, and six zoned RG (Garden Home Residential District). R-1 Zoning: 2198 Lakeview, 8149 Carrington Dr, and 8153 Carrington Dr allow for single-family residences on estate-sized lots with a minimum lot size of 20,000 SF. R-2 Zoning: 5802 Enclave Circle, 5806 Enclave Circle, 5810 Enclave Circle, 5818 Enclave Circle, 5820 Enclave Circle, 8539 Highland Trace, and 8543 Highland Trace allow for single-family residences on lots with a minimum size of 15,000 SF. RG Zoning: 8632 Highlands Dr, 8636 Highlands Dr, 8640 Highlands Dr, 8644 Highlands Dr, 8648 Highlands Dr, and 8652 Highlands Dr allow for single-family residences on lots with a minimum size of 5,000 SF. Trussville is one of the fastest-growing areas around Birmingham. Some of Alabama’s largest employers, including the University of Alabama at Birmingham (UAB), Regions Financial Corp., and St. Vincent’s Health System, are located in the Birmingham area. Automotive manufacturing is a dominant sector in the region, with four automakers within an 80-mile radius of downtown Birmingham. From 2010-2023, the area around the Property experienced a 25.33% population growth within a five-mile radius, with an additional 5.33% growth expected over the next five years. In 2022, the Property had approximately 34,820 individuals residing within a five-mile radius, with an average household income of ±$111,170.