Excellent Opportunity for Multi-Family Development in Daphne, AL

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30326934
Property Subtypes: Multi-Family
Gross Land Area: 34.45 Acres
Sale Price: $1,900,000
Unit Price: $55,152 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/4/2018

Overview / Comments

Calling all Developers! DO NOT Miss this Unique Opportunity to own one of the last large contiguous tracts of land in a Prime Daphne Location near the Eastern Shore of Mobile Bay. The listing includes 4 parcels, totaling 34.45 Acres with the bulk in multifamily zoning category, in Baldwin County, the fastest growing county in the State of AL. The property is located in Daphne, approximately 2 miles south of I-10 at Mobile Bay just off the intersection of U.S. Hwy 98 and Main Street with direct access off of Pinehill Road and/or 3rd Ave. This location is convenient to all Daphne, Spanish Fort, Fairhope and Mobile amenities including shopping, entertainment, restaurants and medical facilities, and is less than a mile from Mobile Bay, and all of the associated recreational and water sports activities offered in the Eastern Shore Area. In addition, the Mobile area has enjoyed a recent surge in business development and relocation for several large companies resulting in employment opportunities and an increased demand for housing in the entire Mobile Bay, Eastern Shore areas. This tract would be ideal for a condominium, retirement community or other multifamily complex. There is a rise of 100’ in elevation from the west to east boundaries of the property making views of Mobile Bay potentially possible with the right project design and construction. Consolidated acreage of this size and location is extremely limited in the area, therefore this offering is a unique opportunity for those with vision and an understanding of the potential it offers!

Tracts Included:
1. Parcel # 43-03-71-0-006-031.000 (26.00 Acres) PPIN # 023037 – R4
2. Parcel # 43-03-71-0-006-031.002 (.509 Acres) PPIN # 013973 - R3
3. Parcel # 43-03-71-0-006-016.000 (7.48 Acres) PPIN # 082530 - R3
4. Parcel # 43-03-71-0-006-031.003 (.461 Acres) PPIN # 48599 - R3

Directions: Take Exit 35 from I-10 at Mobile Bay to US Hwy 98 S approx. 2 miles to Daphne; Go left at the intersection of 98 and Main Street; Take the immediate Right onto Park Drive and go approximately 1 mile to Pinehill Road; Take a left onto Pinehill Road and go approximately ¼ mile to the Roberts Brothers sign on the left.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County and City of Daphne
Tax ID/APN: See Description Below.
Zoning: R4/R3
Property Located Between: I-10 at Mobile Bay and US Hwy 98 South in Daphne, AL
Legal Description: See Tract ID's in Description.
Largest Nearby Street: U.S. Hwy 98 South at Daphne and I-10
Airports: Mobile and Pensacola
Zoning Description: R3 and R4

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,987 16,714 37,981
Median Age: 37.73 42.89 39.89
Households: 1,760 6,901 15,153

Contact

Photograph of Listing Agent

Ginger Black

Roberts Brothers, Inc. Daphne Gulf Coast CMLS Member
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