1113 9th Ave SW - Apartments FOR SALE


Bessemer, AL 35022
$12,500,000 USD
404-398-2090
1113 9th Ave SW, Bessemer, AL for Sale
$12,500,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1113 9th Ave SW
Bessemer, AL 35022


HIGHLIGHTS

  • Pet Friendly
  • Outdoor Pet Washing Station
  • Minutes from Alabama Splash Adventure Park

OVERVIEW

Rooms: 113 Property Features: 96 Studio / 4 L Studio 8 Studio XL (450 sqft) 5 1+1 W/D (600 sqft) Furnished Free Wi-Fi Cable TV Pet Friendly Outdoor Pet Washing Station Minutes from Alabama Splash Adventure Park The Monarch in Bessemer, Alabama is strategically positioned right off Interstate 20/59, providing direct access to Birmingham and the greater metropolitan area. The property is located approximately 3 miles from Downtown Bessemer and just 15 miles southwest of Downtown Birmingham, a major business, medical, and cultural hub. Notable nearby landmarks include the Alabama Adventure & Splash Adventure amusement and water park, located only 2 miles away, and the Bessemer Civic Center at 3 miles. The University of Alabama at Birmingham and UAB Hospital, one of the state’s largest medical complexes, are within 16 miles. Retail and dining options are abundant at Tannehill Promenade, about 6 miles from the property, while Tannehill Ironworks Historical State Park, a popular regional attraction, is situated approximately 12 miles away. The property also benefits from proximity to Hoover, one of Birmingham’s most dynamic suburban markets, just 10 miles northeast. The nearest airport is Birmingham-Shuttlesworth International Airport, located about 22 miles northeast, providing national and international flight service. With its excellent interstate visibility, proximity to Birmingham, and strong surrounding commercial and recreational anchors, The Monarch presents a compelling investment opportunity in the growing Birmingham–Bessemer corridor. Location Highlights: 1. Interstate Access – Positioned directly off Interstate 20/59, providing seamless connectivity to Bessemer, Birmingham, and the wider metropolitan region. 2. Proximity to Downtowns – Approximately 3 miles from Downtown Bessemer and 15 miles from Downtown Birmingham, the state’s largest urban center. 3. Nearby Attractions – Within 2 miles of Alabama Adventure & Splash Adventure amusement and water park, and 3 miles from the Bessemer Civic Center. 4. Retail & Entertainment – About 6 miles from Tannehill Promenade, a major shopping and dining destination, and 12 miles from Tannehill Ironworks Historical State Park. 5. Educational & Medical Access – Roughly 16 miles to the University of Alabama at Birmingham and UAB Hospital, one of Alabama’s leading healthcare and research institutions. 6. Regional Connectivity – Approximately 10 miles from Hoover, one of Birmingham’s fastest-growing suburban markets. 7. Airport Access – Birmingham-Shuttlesworth International Airport is located 22 miles northeast, offering both national and international air service. Bessemer, Alabama is actively working to drive economic growth and sales by leveraging its strengths in logistics, industrial development, and urban revitalization. The city is focused on creating a business-friendly environment to attract new companies and improve its appeal to residents and visitors. Here are some key developments that could drive sales for businesses in the area: Industrial and Logistics Growth: Bessemer is a hub for industrial development, particularly in logistics and distribution. Companies like Amazon, Lowe's, and FedEx have established major facilities here, bringing a significant number of jobs to the area. This growth creates a direct need for business-to-business sales in sectors like industrial supplies, equipment, and transportation services. It also drives retail sales, as new employees and their families move to the area. Residential Development: The city is seeing a push for more and better housing. The Bessemer Redevelopment Corporation is a nonprofit focused on bringing new investments and modern, affordable housing to neighborhoods like the Northside. This type of residential development directly impacts sales for local retail, grocery stores, and service businesses as the population and spending power of the city increase. Downtown Revitalization: Bessemer is committed to revitalizing its downtown, with a "Vision 2040" plan to make it a more livable and inviting place. The city is working to redevelop historic properties, such as the former City Hall, into mixed-use residential and commercial spaces. A more vibrant downtown with new apartments, restaurants, and shops will attract more people, driving sales for all businesses in the area. New Commercial Projects: There are a number of smaller-scale commercial projects in the works across the city. The development of new commercial spaces, such as those on Morgan Road, will provide opportunities for new businesses to locate in Bessemer and serve its growing population. Please Do Not Call the Property or Onsite Staff about the Sale of the Property. Absentee Owner.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

120

PRICE/UNIT

$104,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Monarch - Bessemer

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,569 SF

ZONING

-

APN/PARCEL ID

38-00-19-1-007-003.000,38-00-19-4-000-004.000

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.