$ 1,400,000 $ 1,425,000 1.8%

60 Kensley LN

Bridgeport, AL 35740

  • 9,406 SqFt
  • 1 Lot Size
  • 2023 Year Built
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.
Listed by Zach Taylor - Chattanooga

PROPERTY DETAIL

  • Key Details

    Sold Price $1,400,000

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 9, 406 sqft

    Price per Sqft $148

    MLS Listing ID 1504091

    Sold Date 07/10/24

    Style Contemporary

    Year Built 2023

    Lot Size 1.000 Acres

    Acres 1.0

    Property Sub-Type Multi Family

    Source Greater Chattanooga REALTORS®

  • Location

    State AL

    County Jackson

    Area 1.0

  • Building

    Lot Description Level

    Faces From downtown Chattanooga, take US 27S and merge into I-24W. Exit 152A to US-72. Follow US 72 into Bridgeport to Kensley Lane.

    Foundation Slab

    Sewer Public Sewer

    Water Public

    Architectural Style Contemporary

    Additional Building None

    Structure Type Cement Siding,Fiber Cement

  • Interior

    Interior Features Granite Counters, Tub/shower Combo

    Heating Central, Electric

    Cooling Central Air, Electric

    Flooring Luxury Vinyl

    Equipment None

    Fireplace No

    Appliance Washer/Dryer Stacked, Refrigerator, Oven, Microwave, Dishwasher

    Heat Source Central, Electric

    Laundry In Unit

  • Exterior

    Exterior Feature None

    Parking Features Off Street, Parking Lot, Paved

    Garage Description Off Street, Parking Lot, Paved

    Pool None

    Community Features None

    Roof Type Shingle

    Porch Deck, Front Porch, Porch

    Garage No

  • Schools

    Elementary Schools Bridgeport Elementary

    Middle Schools Bridgeport Middle

    High Schools North Jackson High

  • Others

    Senior Community No

    Tax ID Tbd

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

GET IN TOUCH

Your Full Name
Your Phone Number*
Write Your Message