2 Acre Commercial Lot Highway 59 Loxley

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30048387
Property Subtypes: Industrial, Office, Retail, Retail-Pad, Other
Status: Pending
Gross Land Area: 2 Acres
Sale Price: $179,000
Unit Price: $89,500 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 10/8/2017

Overview / Comments

Level commercial building lot located on the east side of Highway 59, approximately 1 mile north of the intersection of Highway 59 and Interstate 10.

Loxely is located approximately half way between Mobile and Pensacola on Interstate 10. The site is convenient to Spanish Fort, Malbis, Daphne, Fairhope, Foley and Gulf Shores.

Baldwin County is the fastest growing county in Alabama.

Owners will consider subdividing into two one acre lots.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: R05-33-08-27-0-000-004.016
Property Visibility: Excellent
Legal Description: Lot 2, Resubdivision of the North 1243.83 Feet of Loxley I-10 Business Park
Largest Nearby Street: Interstate 10
Feet of Frontage: 217
Highway Access: Highway 59
Site Description: Level building lot. No wet lands on property. Excellent visibility on highly traveled Highway 59. Owners will consider subdividing into One Acre lots.
Area Description: Rapidly developing commercial and industrial area. Several wholesale distributors in the area as well as large warehousing developments. True Value Hardware distribution center located across Highway 59.
Lot Frontage: 217
Lot Depth: 404
Zoning Description: I-1, Light Industrial - Can be used for most commercial uses including Retail.
Topography: Level
Easements: Utilities, Other
Easements Description: 100' easement on the west end of the lot. Former rail easement, sold to the city of Foley for Utility Purposes. Must set building back 100' from Highway 59.
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,380 13,535
Median Age: 37.07 35.72
Households: 546 5,160


Photograph of Listing Agent

Joseph G. Betbeze, Jr.

Betbeze Realty Co., Inc. Gulf Coast CMLS Member
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