Alexander City, Alabama: A Premier Destination for Commercial Real Estate

Introduction

Alexander City, Alabama, is a burgeoning hub for commercial real estate (CRE) investors and professionals. Known for its strategic location and diverse economic landscape, this city offers significant opportunities in various CRE sectors. With a population of approximately 14,000, Alexander City boasts a robust local economy driven by manufacturing, healthcare, and retail industries. Its unique positioning within Alabama makes it an attractive destination for investors seeking growth in industrial, office, and retail spaces.

Economic and Industry Overview

Alexander City's economy is primarily supported by manufacturing, healthcare, and retail sectors. The presence of major employers such as Russell Corporation, which is involved in textile manufacturing, drives demand for industrial properties. Additionally, the healthcare sector is buoyed by facilities like Russell Medical Center, further increasing the need for office spaces. Retail developments cater to both residents and visitors, given the city's role as a regional shopping destination.

Regional economic development agencies, such as the Lake Martin Area Economic Development Alliance, play an essential role in fostering growth and attracting new businesses to Alexander City, supporting the demand for diverse commercial real estate types.

Strategic Location and Transportation Infrastructure

Alexander City is strategically positioned with access to major highways such as U.S. Route 280, facilitating efficient transportation and logistics operations. The city is approximately 60 miles from Montgomery and about 75 miles from Birmingham, offering access to broader labor pools and regional markets. Although Alexander City does not have a major airport, Birmingham-Shuttlesworth International Airport is within a reasonable distance, providing connectivity for businesses.

For more information, visit the Alabama Department of Transportation website.

Commercial Real Estate Inventory & Zoning

The city's commercial real estate landscape includes key submarkets such as the Central Business District (CBD) and industrial corridors. The CBD is primarily composed of office spaces and retail establishments, while the industrial corridors house manufacturing and logistics facilities.

Alexander City provides zoning incentives to developers, encouraging the development of mixed-use properties and innovation districts. For zoning maps and parcel viewers, visit the City of Alexander City Planning and Zoning Department.

Major Employers and Institutions

Alexander City is home to notable employers and institutions, including: - Russell Corporation: A leader in textile manufacturing. - Russell Medical Center: A key player in the healthcare sector. - Central Alabama Community College: Contributing to workforce education and development.

These institutions significantly impact CRE demand, particularly in the industrial and office sectors. More information can be found on the Lake Martin Area Economic Development Alliance website.

Notable Commercial Developments & Projects

Several large-scale developments are underway in Alexander City, including mixed-use projects and public-private partnerships aimed at revitalizing the downtown area. Opportunity Zones within the city offer tax incentives to investors, promoting further growth and development. For planning and development details, visit the City of Alexander City Planning Department.

Building Permits, Planning, and Development Tools

For those interested in developing within Alexander City, the following resources are available: - City’s Building and Safety Department - Permitting Portals - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Public data sets, such as those from census.gov, provide valuable insights into Alexander City's economic landscape. Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market data. Explore Brevitas-powered dashboards for Alexander City here.

Why Use Brevitas for Alexander City, Alabama CRE?

Brevitas offers a suite of AI-driven tools for CRE discovery, including: - Real-time Market Alerts: Stay updated with the latest property listings. - Smart Property Pages: Access detailed property information quickly. - Dealroom Collaboration: Streamline transactions with integrated tools. - Auto-generated Listing Pages: Enhance property visibility. - Email and Landing Page Tools: Improve marketing efficiency. - Integration with Brokers and Developers: Connect with CRE professionals. - Exclusive Listings and Premium Exposure: Gain a competitive edge in the market.

For more information, explore Brevitas' offerings for Alexander City here.