Elberta Development - 186.8 Acres - 1,000+ Rd Frontage

Vacant Land for Sale
Catylist Listing ID: 30053167
Property Subtypes: Agricultural, Mobile Home Park, Multi-Family, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 186.80 Acres
Sale Price: $4,445,840
Unit Price: $23,800 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 12/19/2017

Overview / Comments

Ideal opportunity for investors and developers! Two adjacent parcels of land total 186.8 acres and includes ingress and egress from US Hwy 98 & Baldwin County Rd 95. The first 177 acre tract boasts 1,040' of road frontage on Hwy 98, and the second 9.8 tract provides 380' of road frontage on CR 95. It's located near Barber Marina (a world-class marina) and Soldiers Creek Golf Course (non-residential). This land of opportunity is not located in a flood zone and already has 3-phase power, septic tanks (city sewage available), 3 wells, 2 ponds and 1 lake. Being currently used as farmland, there are irrigation and drainage systems already in place. Elberta is a small town on the verge of becoming a lot larger. Fueling its growth is a new high school currently under construction, along with future plans to build a sports facility for it and the community. The Poarch Creek Indian’s development, OWA, located approx. 7.6 miles away, makes this development opportunity even more merit worthy.

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 023227
Property Located Between: US Hwy 98 & County Rd 95
Property Visibility: Excellent
Legal Description: 177 AC(C) 179 AC(D) THE NW1/4 OF SE1/4 & W1/2 OF NE1/4 & E1/2 OF NE1/4 OF SW1/4 & SE1/4 OF NW1/4 SEC 27 & LESS & EXCEPT PAR DESC AS BEG AT THE NE COR OF THE NW1/4 OF NE1/4 RUN W 3
Largest Nearby Street: US Hwy 98 & County Rd 95
Feet of Frontage: 1,420
Highway Access: US Hwy 98 - Rd Frontage/Immediate Access
Lot Frontage: 1420
Zoning Description: Agricultural, District 22
Topography: Level
Available Utilities: Electric, Water
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,606 6,915
Median Age: 42.22 48.23
Households: 1,814 2,950


Photograph of Listing Agent

Ballard Sweat

Re/Max Paradise Gulf Coast CMLS Member
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