Prime 23.84+/- Acre Development Opportunity in the Heart of $250,000

Lake Acreage For Sale

Prime 23.84+/- Acre Development Opportunity in the Heart of Alexander City, AL Discover an exceptional investment opportunity with this expansive property strategically located in the heart of Alexander City. Boasting dual zoning designations-R-2 (Medium Density Residential) and R-3 (High Density Residential)-this property offers versatile development potential to meet the growing housing demands of the area. Zoning Highlights: R-2 (Medium Density Residential): Ideal for single-family homes, duplexes, and select multi-family dwellings, R-2 zoning supports a balanced residential environment. R-3 (High Density Residential): Designed to accommodate higher-density housing options such as apartments and condominiums, R-3 zoning is perfect for developers aiming to maximize land use efficiency. Property Features: Size: 23.84+/- acres Location: Centrally situated within Alexander City, offering convenient access to local amenities, schools, and transportation routes. Utilities: Proximity to existing city utilities simplifies the development process. Development Potential: This property's substantial size and favorable zoning classifications make it an ideal candidate for a thoughtfully planned residential community. Whether envisioning a neighborhood of single-family homes, a series of duplexes, or a multi-family apartment complex, the possibilities are vast. Investment Considerations: Growing Demand: Alexander City continues to experience growth, increasing the demand for housing options. Strategic Location: The property's central location enhances its appeal to potential residents seeking convenience and accessibility. Flexible Zoning: The combination of R-2 and R-3 zoning allows developers to tailor projects to market needs, optimizing return on investment. Don't miss this rare opportunity to acquire a significant tract of land with versatile development potential in one of Alexander City's most sought-after areas.