Business/Residential Combo Lot in Downtown Summerdale
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: |
30865113 |
| Property Subtypes: |
Hospitality, Office, Retail, Retail-Pad, Other
|
| Status: |
Pending |
| Gross Land Area: |
0.17 Acres
|
| Sale Price: |
$31,900 |
| Unit Price: |
$187,647 Per Acre |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
1125.0% |
| Last Updated: |
4/14/2024 |
Overview / Comments
|
You can have your business and home on the same property. This property is zoned B1 by the Town of Summerdale, which means that what is built must first be for commercial use, but it also has the option to include a residential component in a second story. For example, it can have a store-front business, professional office. You can even do a bed-and-breakfast inn so it will look more like a home. This will allow for the owner (or tenant) to go back to the way a lot of downtowns were developed when the business owners lived above or behind their businesses. The structure can be two stories, but plans would be submitted for approval based on desired overall usage plans. (See the attached city zoning ordinances, Section 606 starting at the bottom of page 43, for a full description of the use rules for this zone.) The two lots cannot be separated. (If you want to go all the way to the corner for about one third of the block's street frontage, ask about also buying lots 18-20 that are also for sale from a different owner.) According to city staff, setbacks are 20 feet in the front, 25 feet in the back and at least five feet on the sides per fire code. Although not developed, the city plat also shows an "alley" access; confirm with the city about how to access the back of the property, if desired. Exact boundaries are to be confirmed by the buyer or their agent. A copy of the city's development plan can be provided upon request. (DIRECTIONS: Located in downtown Summerdale across from the park on NE 1st Street close to the intersection with E. Jackson Ave. (Use 106 NE 1st St. for GPS; lots are to the north of the Summerdale Alumni Association office and across from city park.)
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Taxing Authority: |
Town of Summerdale |
| Tax ID/APN: |
PPIN 28500, 05-48-09-29-3-000-017.000 |
| Zoning: |
CITY OF SUMMERDALE B1 |
| Property Located Between: |
Located in downtown Summerdale across from the park on NE 1st Street close to the intersection with E. Jackson Ave. (Use 106 NE 1st St. for GPS; lots are to the north of the Summerdale Alumni Association office.) |
| Property Visibility: |
Excellent |
| Legal Description: |
SUMMERDALE LOT 16,17 BLK 9 PB 1 PG 21 |
| Largest Nearby Street: |
E Jackson Ave |
| Feet of Frontage: |
50 |
| Site Description: |
Downtown commercial lot zoned B1, with option for a residential component. |
| Area Description: |
Downtown Summerdale across the street from city park. |
| Lot Frontage: |
50 |
| Lot Depth: |
141 |
| Zoning Description: |
Summerdale B1 (Business with a residential component option.) |
| Topography: |
Level |
| Soil Type: |
Other |
| Available Utilities: |
Electric, Water, Sewer, Cable, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,038 |
20,604 |
| Median Age: |
42.7 |
39.76 |
| Households: |
815 |
7,896 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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