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Multi-Family

Tuscaloosa Land Development

202 25th Ave NE, Tuscaloosa, AL 35404

Listing Price: $3,960,000

Lot Size
9.00 acres
Price/Acre
$440,000
Land Type
Land

Investment Overview

The subject property is comprised of 3 different parcels that total roughly 9.14+/- acres directly bordering the brand new $40 million Golf Complex at The University of Alabama. The rezoning process has been completed and now reflects R-4 (soon to be MR-1), which allows 15 dwelling units per acre (or a total capacity of 135 buildable units).

Investment Highlights

  • The University of Alabama has seen a steady increase in enrollment over the years. As of recent reports, enrollment figures have consistently grown, reaching over 40,000 students in recent years.
  • Rental prices in Tuscaloosa have been on the rise due to increase demand in off-campus housing for students.
  • The new $40 million Alabama Golf Facility is a one-of-a-kind development directly bordering the subject property and will spark continued university development along Kicker Rd.
  • Tuscaloosa's economy is bolstered by the university's presence, which supports a range of jobs and economic activities. Additionally, the city has seen growth in sectors like manufacturing and retail.
  • The property also resides in Opportunity Zone 01125012800 allowing for increased tax benefits.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Multi-Family

Tuscaloosa Land Development

Listing Price: $3,960,000

Lot Size
9.00 acres
Price/Acre
$440,000
Land Type
Land

Investment Highlights

  • The University of Alabama has seen a steady increase in enrollment over the years. As of recent reports, enrollment figures have consistently grown, reaching over 40,000 students in recent years.
  • Rental prices in Tuscaloosa have been on the rise due to increase demand in off-campus housing for students.
  • The new $40 million Alabama Golf Facility is a one-of-a-kind development directly bordering the subject property and will spark continued university development along Kicker Rd.
  • Tuscaloosa's economy is bolstered by the university's presence, which supports a range of jobs and economic activities. Additionally, the city has seen growth in sectors like manufacturing and retail.
  • The property also resides in Opportunity Zone 01125012800 allowing for increased tax benefits.

Investment Overview

The subject property is comprised of 3 different parcels that total roughly 9.14+/- acres directly bordering the brand new $40 million Golf Complex at The University of Alabama. The rezoning process has been completed and now reflects R-4 (soon to be MR-1), which allows 15 dwelling units per acre (or a total capacity of 135 buildable units).

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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