202 25th Ave E - 25th Avenue Development

Link to Deal Room: https://www.marcusmillichap.com/properties/163400/tuscaloosa-land-development

Marcus & Millichap has been selected to exclusively market for sale The 25th Avenue Development land in Tuscaloosa, AL. The subject property is currently zoned for Mixed Residential and is situated for the expansion of student housing near the University of Alabama.

Spanning 9.14 contiguous acres, the 25th Avenue property is permitted by Tuscaloosa zoning codes for up to 135 units (405 beds). Current engineering plans are in place for the construction of 165 bedrooms, with zoning permitting single-family homes, duplexes, or townhouses. Adjacent to the newly built Crimson Reserve golf facility, this location is strategically positioned to benefit from the University of Alabama’s ongoing enrollment growth.

The subject property borders the Crimson Reserve, a $47+ million dollar Golf Complex, recently built by The University of Alabama. The Golf Facility is a one-of-a-kind development built by the university and will further spark continued university development along Kicker Rd.

Our current engineering plans and traffic study have everything necessary to achieve approval for a 165-bedroom development at the subject property. However, the zoning code allows for a maximum 405-bedroom development. The current price listed ($3,960,000) is reflective of the 165-bedroom development. If a potential buyer were to be interested in more than 165 bedrooms on the site, our group is willing to assist in the process as pricing would reflect the final number of bedrooms approved, with every bedroom over 165 at a discounted price.