1525 Sunset Dr
Guntersville, AL 35976
Sunset Drive 30 acres · Land For Sale · 30.00 AC

MOTIVATED SELLER - PRICE REDUCED FROM $1,595,000 TO $1,400,000 as of July 1st. PROPOSED 150+/- UNITS!! A unique multifamily development opportunity on approximately 30 acres of land zoned RM-1 Multifamily District that is adjacent to Finlay Plaza and anchored by Piggly Wiggly. This zoning allows up to 10 units per acre along with zero lot line, patio, townhouses, duplex and single-family homes with densities of 4.84-8.71. Owner is willing to Joint Venture. The front 12 acres are currently set up well for multifamily development of approximately 120 +/- dwelling units, while the remaining acreage 18 acres offers a grand opportunity for bluff residential development of approximate 2 units per acre for approximately 36+/- dwelling units that offer amazing views of Lake Guntersville. This is a trophy project for a developer with a vision. The City Of Guntersville is very supportive of this proposed housing development. The parcel is well positioned offering close proximity to retail and city amenities such as the park & recreation center, boat landings, Senior Center and more. Guntersville has recently been chosen for The Tennessee Riverline project, a vision for a continuous, multimodal system of trail experiences along the Tennessee River from its formation in Knoxville, TN, to its confluence with the Ohio River in Paducah, KY. Check out www.tnriverline.org for more details. Marshall County is experiencing a nice growth trend with more than 2,529 more people from 2010-17. With 2.8 percent growth, it’s Alabama’s 13th fastest growing county. The county's population has reached 95,548. Guntersville’s economy is balanced between manufacturing, retail trade and professional services and is the county seat for Marshall County. The city is also a center for distribution, agriculture, highly acclaimed retirement living, ample health care and of course recreation and tourism. The Cost of Living calculator for the United States shows Guntersville to be 17.5% more affordable than the rest of the country!