Acreage Available at Signalized Intersection on Moffett Road

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30847776
Property Subtypes: Hospitality, Mobile Home Park, Multi-Family, Office, Retail, Self Storage
Status: Pending
Gross Land Area: 5.50 Acres
Sale Price: $1,995,000
Unit Price: $362,727 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/20/2024

Overview / Comments

Ideally located site available for potential redevelopment opportunity, or to purchase and lease out to create an income-producing investment property. Approximately 5.5 AC at the signalized intersection of Moffett Road (US Highway 98) and Wolf Ridge Road. Large frontage (±597.58’) on a portion of Moffett Road that sees traffic counts of 48,490 AADT as of 2022. Situated just over 1 mi west of Interstate 65 with average annual daily traffic counts of 97,939 as of 2022. Property is currently zoned B3 - Community Business, allowing for a range of potential uses.

Property consists of 4125, 4137, 4151, & 4203 Moffett Road.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2801122002019XXX
Zoning: B3
Property Located Between: Wolf Ridge & University
Property Visibility: Excellent
Traffic/Vehicle Count: 42,948
Highway Access: Located directly on US Highway 98 (Moffett Road)
Zoning Description: Community Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,752 66,296 184,328
Median Age: 34.58 37.23 36.03
Households: 1,827 26,376 74,413


Photograph of Listing Agent

John P. Vallas, Jr.

Vallas Realty, Inc. Gulf Coast CMLS Member
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