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- LoopNet Team
1001 Westlake Mall North
Bessemer, AL 35020
Former Westlake Mall · Land For Sale · 40.70 AC
Investment Highlights
- • PROPERTY BRINGS IN $27,500/MONTH GROSS VIA AMAZON TRAILER STALLS IN THE PARKING LOT
- • VALUED ONLY BASED ON LAND, NOT THE INCOME ITS PRODUCING
- • PROVEN TO GENERATE INCOME IN MANY WAYS OVER THE YEARS (HOME DEPOT, MERCEDES, AMAZON)
- • BESSEMER IS ESTABLISHING ITSELF AS A STRONG INDUSTRIAL HUB
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 40.70 AC |
| Property Subtype | Commercial | Cross Streets | Highway 11 |
| Proposed Use | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 40.70 AC |
| Cross Streets | Highway 11 |
Description
Marcus and Millichap is delighted to present a unique investment opportunity: the acquisition of 40.7 acres of commercially zoned land in Bessemer, Alabama, located in an opportunity zone. This land currently is home to a 320,000 square foot vacant mall, and an amazon storage facility occupying a few acres in the parking lot. The amazon facility currently pays $27,000 gross per month, that they will likely renew for one year in January of 2024. This unique set up allows for an investor to come in generating immediate income while creating a plan of how to utilize this massive parcel of land and retail space to its highest and best use. Bessemer has seen multiple industrial developments over the past few years. Among these include Lowes 1.2 million square-foot distribution facility, a Carvana distribution and fulfillment center, and a 300,000 square-foot FedEx facility.
PROPERTY TAXES
| Parcel Number | 38-00-08-4-003-002.001 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $376,562 |
PROPERTY TAXES
zoning
| Zoning Code | C-2 |
| C-2 |
