150 Acres on Hwy 59 In Loxley, AL - WILL SUBDIVIDE

Vacant Land for Sale
Catylist Listing ID: 30858422
Property Subtypes: Hospitality, Industrial, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 150 Acres
Sale Price: $13,000,000
Unit Price: $86,666 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/1/2024

Overview / Comments

This 150 acre parcel has over 3,300 ft of road frontage on Hwy 59 in Loxley, AL and is located across the street from the new reportedly $73 million dollar Baldwin Preparatory Academy that is set to open in 2024. Utilities are available. This area is rapidly being known as a Logistics and Distribution hub due to its proximity to the I-10 corridor and the Port of Mobile. Manufacturers and industries around the world rely on the Port of Mobile for its seamless global trade to and from North America mainly because of its physical connections to rails, roads, rivers, and runways. This property is within minutes of many other industrial complexes including the Novelis Mega Site. Distribution centers for Home Depot, Imperial Dade, Ace Hardware, and Aldi are also nearby. We invite you to contact us for more information about this incredible listing. SELLER IS WILLING TO SUBDIVIDE.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-33-02-09-0-000-001.000
Zoning: M1
Property Located Between: Across the street from the Baldwin Preparatory Academy
Property Visibility: Excellent
Largest Nearby Street: Hwy 59
Highway Access: Over 3,300 ft of direct road frontage on Hwy 59
Airports: Mobile Regional Airport, Pensacola International Airport
Area Description: Primarily Industrial with multiple Distribution Centers and Warehouses in the area.
Zoning Description: From the Town of Loxley Website: 7.4 Light Industrial District (M-1)2,17 7.4.1 Uses Permitted: Building used for the operation of light industrial, fabricating, processing, assembling and manufacturing, bottling and distribution plants, woodworking shops, cabinet shops, contractor or building material yards, highway maintenance yards and buildings, laundry and dry cleaning plants and printing establishments. 7.4.2 Uses Permitted on Appeal: Any use permitted in districts B-1 or B-2, and other industrial or commercial use not included in Section 7.4.1 above that, in the opinion of the Planning Commission would be within the intent of the district regulations and not cause noise,smoke, gas, vibration, fumes, dust, or other objectionable conditions which, if present, would affect adjacent properties and the safety of the citizens of the Town of Loxley. 7.4.3 Uses Prohibited: Any use of a mobile dwelling/mobile structure, any residential structure, except that of a watchman or caretaker, junk yards, storage of junk or wrecked automobiles other than for repair or service, explosive products, manufacture, garbage disposal plants or sanitary land fills, and any other uses not specifically permitted in Section 7.4.1 above, or deemed by the Planning Commission to be detrimental to property or to the health and safety of residents beyond the district.

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Demographic Statistics

Proximity: 5 miles
Total Population: 10,696
Median Age: 36.05
Households: 4,067

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