Development Site on Moffett Rd

Vacant Land for Sale
Catylist Listing ID: 30144472
Property Subtypes: Mobile Home Park, Multi-Family, Residential (Single Family), Retail, Self Storage
Gross Land Area: 4.22 Acres
Sale Price: $425,000
Unit Price: $100,710 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/31/2017

Overview / Comments

Redevelopment site less than 1 mile from I-65. Fronts Moffett Road (189 FT), plus two additional access roads - Reynolds Drive and Oak Lane Cir W (from Oak Lane Drive). All utilities to site. Gently sloping topography. Strong demographics (see 2nd page of brochure). Projected growth rate of 0.05%. Ideal for multi-family, residential subdivision, mini-storage development and more. Currently site has seven income-producing rental houses, can be sold as an investment piece as well (inquire with agent).

Additional Details

Nearest MSA: Mobile
County: Mobile
Property Located Between: I-65 & Oak Cir Dr.
Property Visibility: Fair
Largest Nearby Street: Moffett Road
Feet of Frontage: 189
Traffic/Vehicle Count: 37,700
Area Description: Located less than one mile from I-65, site is situated on Moffett Road with a private drive (Reynolds Drive) for access to to the back portion of the property. Second access to property located off Oak Lane Drive (Cir W).
Lot Frontage: 189
Lot Depth: 961

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,103 69,802 188,373
Median Age: 37.37 37.33 35.93
Households: 2,374 28,358 76,191

Contact

Photograph of Listing Agent

John T. Jenkins

NAI Mobile, LLC Gulf Coast CMLS Member
Photograph of Listing Agent

Pete Riehm

NAI Mobile, LLC Gulf Coast CMLS Member
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