18 Percent Pop Growth, 0.9 Acre
Millbrook, AL 36054
Elmore County, Alabama
Property Description
RI Marketplace Online Auction.
Register to Bid.
Investment Highlights
±0.9 AC of Land Adjacent to Dollar General in Montgomery, Alabama Msa
Attractive Demographics with 5-Mile Population of ±43,133 Individuals and Annual Household Income of Retail: Winn-Dixie, Walmart, Cvs, Dollar General, Marvin's Hardware, Tractor Supply, Hardee's, McDonald's, Pizza Hut, Shell, and more
22,607 VPD Traffic Counts on State Route 14 and 15,285 VPD on Deatsville Hwy Less than 0.5 Miles Away
Federal Opportunity Zone
Favorable C-2, Highway Commercial Zoning with Flexible Uses Permitted including Self-Storage
18.3% Population Growth from 2010-2023 and Future Growth Anticipated (5-mile radius)
Absolute Auction - NO Reserve
Offering Summary
Marcus & Millichap, in conjunction with RI Marketplace, is pleased to present a ±0.9-Acre land parcel located adjacent to 4041 Al-14 (the “Property”) in Millbrook, Alabama approximately 13 miles north of Montgomery. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property is a ±0.9-Acre parcel in the Montgomery Msa, situated adjacent to Dollar General near the signalized intersection of State Route 14 with traffic counts of ±15,285 vehicles per day and Deatsville Hwy with traffic counts of ±15,285 vehicles per day. The Property benefits from proximity to a strong commercial node within this affluent residential community. Nearby retailers include Winn-Dixie, Walmart, Cvs, Dollar General, Marvin's Hardware, Tractor Supply, Hardee's, McDonald's, Pizza Hut, Shell, and more. The Property benefits from highly favorable C-2, Highway Commercial zoning that allows for a wide variety of uses including retail, self-storage, office, and many more. Within five miles of the Property, the population has grown 18.3% since 2010 with future growth of 8.46% anticipated between 2023 and 2028. Due to its strategic location in a growing market, the Property presents developers with a prime development opportunity with the potential for significant upside.
Millbrook, Alabama, is a strategically positioned city, offering an exceptional opportunity for commercial real estate investors. Located just minutes away from the vibrant state capital of Montgomery, this prime location provides an invaluable advantage. The 5-mile trade area is supported by ±43,133 residents boasting an average household income of With easy access downtown Montgomery via I-65, this offering provides the opportunity to develop an extremely well-located asset within a growth market.
John Mickey Fowler
Fisher Auction Company Inc.
License: Alsl466
