12.53 Acres | Prime Multi-Family Development Site | Phenix City, AL Coldwell Banker Commercial KP is pleased to present an exceptional 12.53-acre development opportunity located just off 28th Avenue in Phenix City, Alabama. Positioned less than one mile from Highway 280, this wooded site offers the rare combination of immediate access to a major commercial corridor and the privacy of an off-the-main-road setting — an ideal profile for residential development. The property is zoned R-3 and sits contiguous to R-2, making it particularly well-suited for a tax credit multi-family development, market-rate apartments, townhomes, or other higher-density residential use. Water and sewer are available to the site, and the surrounding area is already established with national retail, dining, lodging, and service tenants that support the daily needs of future residents. Phenix City has been one of the fastest-growing communities in east Alabama, fueled by its position directly across the Chattahoochee River from Columbus, Georgia, and its proximity to Fort Benning — one of the largest U.S. Army installations in the country. The region's combination of military, manufacturing, healthcare, and education employment continues to drive sustained housing demand. Property Highlights 12.53 acres of wooded, developable land Zoned R-3, contiguous to R-2 Well-suited for tax credit multi-family, market-rate apartments, or townhome development Water and sewer available to the site Quiet, off-the-main-road setting offering privacy with corridor convenience Acreage provides flexibility for site planning, unit placement, and amenity layout Sale Price: $939,750 Location & Access Less than 1 mile to U.S. Highway 280 (±38,471 vehicles per day) 3.1 miles to Columbus, GA 12 miles to Fort Moore 27 miles to Opelika, AL 34 miles to Auburn, AL (Auburn University) Direct connectivity to the Highway 280 / U.S. 431 corridor linking Phenix City to Auburn–Opelika and the broader east Alabama market Surrounding Retail & Amenities The site sits within minutes of an established commercial node anchored by national and regional tenants, including: McDonald's Krystal Burger King Waffle House Arby's Hardee's Del Taco Church's Chicken Dunkin' Walgreens Wells Fargo Advance Auto Parts Big Lots Piggly Wiggly Additional lodging options nearby include Holiday Inn Express & Suites, Quality Inn, and America's Best Value Inn, supporting transient demand tied to Fort Moore and the Columbus metro. Market Overview The Phenix City–Columbus MSA is a dynamic bi-state market of more than 300,000 residents, supported by a diverse economic base that includes Fort Moore, the TSYS / Global Payments headquarters, Aflac, Piedmont Columbus Regional, and a growing logistics and manufacturing sector. Phenix City itself has consistently outpaced state population growth, attracting residents seeking Alabama's lower tax burden while maintaining easy access to Columbus employment centers. Demand for quality multi-family housing in the market remains strong, with rental occupancy rates and absorption supporting new product delivery. The site's R-3 zoning and proximity to Highway 280 position it favorably for developers pursuing LIHTC allocations through Alabama Housing Finance Authority or conventional multi-family financing. Development Opportunity This is a turnkey development site for an experienced multi-family or residential developer. The combination of available utilities, supportive zoning, established surrounding infrastructure, strong traffic counts on the adjacent corridor, and proximity to major regional employers creates a compelling case for near-term development. The wooded character of the parcel also allows the developer to preserve mature buffer areas for resident privacy and curb appeal. Whether the strategy is a tax credit family or senior community, market-rate apartments, or a townhome subdivision, the 12.53-acre footprint provides ample room to design a project with strong unit count, amenity space, and parking — all within a market where new housing supply has lagged demand. Offered At: $939,750 For additional information, due diligence materials, or to schedule a site tour, please contact: Ernest Smallman IV, CCIM Coldwell Banker Commercial Kennon, Parker, Duncan & Davis 1025 1st Ave | Columbus, GA 31901 Cell: 706-888-6651 | Office: 706-256-1500 ernie@erniesmallman.com