$1,150,000
$1,175,000
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60 Kensley LN Bridgeport, AL 35740
7,488 SqFt
Key Details
Sold Price $1,150,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,488 sqft
Price per Sqft $153
MLS Listing ID 1504093
Sold Date 05/30/24
Style Contemporary
Originating Board Greater Chattanooga REALTORS®
Year Built 2023
Lot Size 0.750 Acres
Acres 0.75
Property Description
Welcome to 60 Kensley Lane lot 3. This 16 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.
Location
State AL
County Jackson
Area 0.75
Interior
Interior Features Breakfast Nook, 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
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
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 Fiber Cement
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
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