$1,400,000
$1,425,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
9,406 SqFt
SOLD DATE : 07/10/2024
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,406 sqft
Price per Sqft $148
MLS Listing ID 2766321
Sold Date 07/10/24
HOA Y/N No
Year Built 2023
Property Description
Welcome to 60 Kensley Lane lot 2. This 20 unit 1 bedroom apartment building plans to be completed in February 2024. Completely designed for low maintenance with hardy board siding, Luxury Vinyl flooring, custom cabinetry and granite countertops. The building has front and back decks, ample parking and within 1 block of a new hospital and 1 mile of Google as well as multiple established manufacturers. Targeted rents are $780 per month. Great Value for new construction. Located at 47990 Highway 72, Bridgeport, Jackson County, AL 35740, the current 72-acre parcel is designed for a comprehensive master plan commercial development that includes self-storage, multi-family, restaurants, travel centers, hotels, and a regional hospital. Over the last several years, Google has initiated their largest data center in the world, purchasing 700 acres. Their first phase of development includes 14-16 buildings, ranging 200,000 to 280,000 sq ft per building. In the next ten to fifteen years, Google alone will have 1,200-1,700 construction workers and anticipates 75-100 employees per building, for a total of 1,400-1,600 employees. Also, it was recently announced that a solar plant will be initiated in the same area, creating additional demand for both construction and employees, as well as additional infrastructure in Bridgeport. This project has been in the development phase for the past four years, with all utilities, infrastructure, and roads already in place. Currently 4 buildings of 4 units per building as a 2 bedroom as fully occupied. Any other competing developers will be three to four years behind in infrastructure development at this point. The regional hospital plans to open its doors January 2024.
Location
State AL
County Jackson County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Other
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Sewer Public Sewer
Water Public
Structure Type Fiber Cement,Other
New Construction true
Schools
Elementary Schools Bridgeport Elementary School
Middle Schools Bridgeport Middle School
High Schools North Jackson High School
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