VALUE ADD - This almost 8-acre lot ripe for development in a booming market. Nestled between the Rockdale neighborhood, which was built in the 1990s, and the more recently developed cluster to the south, this parcel is the next logical target for development in south Bessemer. 

Discussions have begun with the County, who have already indicated preliminary support for 20 buildable lots to be created within the existing parcel boundaries. The minimum lot size is 15,000 square feet, or 12,500 square feet for lots connected to a live sanitary sewer.

New builds are selling between $288,000 and $370,000, while building lots are around $50,000. Larger acreage lots are selling at over $30,000 per acre.

Property Details:

• APN: 38-00-32-1-002-017.000
• Lot acres: 7.9
  
• Lot sq. ft.: 344,124

Comps:

• 4796 Longmeadow Drive
  
  • 0.11 acres
  • Sold on May 13, 2024
  • Sale Price: $50,000
  • Price per acre: $454,545
• 4953 Eastern Valley Road
  • 12.19 acres
  • Sold on February 13, 2024
  • Sale Price: $395,000
  • Price per acre: $32,403
• 6737 Whitewing Road
  • 2.26 acres
  • Sold on August 28, 2023
  • Sale Price: $95,000
  • Price per acre: $17,528

Call or Text Charlie Today at 302-214-5514