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Commercial

$1 Auction – Dollar General Market Adjacent Parcel | Between Huntsville & Birmingham

adj. to 120 Wesley Ave N, Cullman, AL 35058

Starting Bid: $1

Lot Size
0.87 acres
Price/Acre
$1
Land Type
Land
Auction Type
Absolute
Auction Start Date
Dec 9, 2024
Auction End Date
Dec 11, 2024

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2203

Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.87-acre land parcel located adjacent to 120 Wesley Avenue N (the “Property”) in Cullman, Alabama. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!

The Property is a ±0.87-acre parcel situated adjacent to Dollar General Market near the signalized intersection of AL-Highway 69 with traffic counts of ±6,529 vehicles per day and Wesley Avenue N with 1,188 vehicles per day. Nearby retailers include Dollar General Market, Family Dollar, Fuel City, and Dollar Tree. The town of Fairview and Cullman County do not have a zoning ordinance, making this site suitable for a variety of commercial uses.

Cullman, located in north-central Alabama is situated along Interstate 65, about halfway between Birmingham (50 miles south) and Huntsville (55 miles north), providing excellent transportation access for businesses and industries. This prime location has helped the city develop into a key logistical hub, drawing manufacturing, distribution, and retail investments. The Property benefits from strong demographics with a population of 36,391 residents and an average household income of $81,357 within a 10-mile radius. The 5-mile population has experienced 5% growth from 2020-2024 with 8.18% growth expected to continue through 2029.

Investment Highlights

  • ABSOLUTE $1 AUCTION | Dollar General Market Adjacent Parcel | Between Huntsville & Birmingham | AUCTION DECEMBER 9-11, 2024
  • ±0.87-Acres of Land Adjacent to Dollar General Market in Cullman, AL
  • Near Signalized Intersection with Combined Traffic Counts of ±7,717 VPD (AL-69 and Wesley Ave N)
  • Demand Drivers Nearby: Dollar Tree, Family Dollar, Fire Dept, Fuel City, Chesley Oaks Golf Course, and more
  • Attractive Demographics with 10-Mile Population of ±36,391 Individuals and Annual Household Income of ±$81,357
  • ±5% Population Growth from 2020-2024 and ±8.18% Future Growth Anticipated (5-mile radius)
  • Flexible Zoning for a Variety of General Commercial Uses & Activities
  • Absolute $1 Auction - NO RESERVE

Auction Advisors

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Commercial

$1 Auction – Dollar General Market Adjacent Parcel | Between Huntsville & Birmingham

Starting Bid: $1

Lot Size
0.87 acres
Price/Acre
$1
Land Type
Land
Auction Type
Absolute
Auction Start Date
Dec 9, 2024
Auction End Date
Dec 11, 2024

Investment Highlights

  • ABSOLUTE $1 AUCTION | Dollar General Market Adjacent Parcel | Between Huntsville & Birmingham | AUCTION DECEMBER 9-11, 2024
  • ±0.87-Acres of Land Adjacent to Dollar General Market in Cullman, AL
  • Near Signalized Intersection with Combined Traffic Counts of ±7,717 VPD (AL-69 and Wesley Ave N)
  • Demand Drivers Nearby: Dollar Tree, Family Dollar, Fire Dept, Fuel City, Chesley Oaks Golf Course, and more
  • Attractive Demographics with 10-Mile Population of ±36,391 Individuals and Annual Household Income of ±$81,357
  • ±5% Population Growth from 2020-2024 and ±8.18% Future Growth Anticipated (5-mile radius)
  • Flexible Zoning for a Variety of General Commercial Uses & Activities
  • Absolute $1 Auction - NO RESERVE

Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2203 Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.87-acre land parcel located adjacent to 120 Wesley Avenue N (the “Property”) in Cullman, Alabama. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE! The Property is a ±0.87-acre parcel situated adjacent to Dollar General Market near the signalized intersection of AL-Highway 69 with traffic counts of ±6,529 vehicles per day and Wesley Avenue N with 1,188 vehicles per day. Nearby retailers include Dollar General Market, Family Dollar, Fuel City, and Dollar Tree. The town of Fairview and Cullman County do not have a zoning ordinance, making this site suitable for a variety of commercial uses. Cullman, located in north-central Alabama is situated along Interstate 65, about halfway between Birmingham (50 miles south) and Huntsville (55 miles north), providing excellent transportation access for businesses and industries. This prime location has helped the city develop into a key logistical hub, drawing manufacturing, distribution, and retail investments. The Property benefits from strong demographics with a population of 36,391 residents and an average household income of $81,357 within a 10-mile radius. The 5-mile population has experienced 5% growth from 2020-2024 with 8.18% growth expected to continue through 2029.

Auction Advisors

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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