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Shawn Delaney

[email protected] +1(770) 378-7994

$5,500,000

Est. payment - /mo

20.3 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10858274

HOA Y/N No

Tax Year 2026

Lot Size 20.300 Acres

Acres 20.3

Lot Dimensions 20.3

Property Sub-Type Unimproved Land

Source Georgia MLS 2

Property Description

Coldwell Banker Commercial Metro Brokers presents Reserves at Roanoke, a 20.30-acre multifamily development site at 1506 Main St in Roanoke, Alabama. The site plan calls for 408 units in 34 twelve-unit buildings: 12 one-bedroom buildings (144 units) and 22 two-bedroom buildings (264 units), 672 bedrooms in total. The project is well past the paper stage. A full 22-sheet civil plan set by Praestare Engineering was issued for construction on 6/27/2025. It covers layout, utilities, grading and drainage, erosion control and construction details. Sanitary sewer is installed and building pads are prepared, and the remaining off-site item is extending water to the site (seller estimate $45,000). The plan is drawn to the R-3 maximum of 20 DU/acre with 53.91% open space against a 40% requirement and a 38'-4" building height against a 45' maximum. It is sequenced in six phases with water and sewer stub-outs, so a builder can match deliveries to lease-up. The community is designed as a gated property with private streets, a leasing office, pool, playground, dog park and mail kiosk / storage building. Seller construction budgets for both building types are available to qualified buyers, along with the full civil plan set and CoStar rent comparables. Offered at $5,500,000, or $13,480 per planned unit, which is about 9% of the indicated total development cost.

Location

State AL

County Randolph

Rooms

Bedroom Description No

Interior

Fireplace No

Exterior

Community Features None

Utilities Available Other

View Y/N No

Private Pool No

Building

Lot Description Other

Faces GPS

Sewer Other

Water Other

New Construction No

Schools

Elementary Schools Wadley

Middle Schools Randolph

High Schools Randolph

Others

Tax ID 561608274001011.000

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

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Shawn Delaney

+1(770) 378-7994

Agent License ID: 285391

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1506 Main ST Roanoke, AL 36274

Shawn Delaney

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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