Apartment Land For Sale

Vacant Land for Sale
Catylist Listing ID: 30565871
Property Subtypes: Multi-Family
Gross Land Area: 12.50 Acres
Sale Price: $1,037,500
Unit Price: $83,000 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/6/2024

Overview / Comments

New Price on Multi-family land located on busy Demetropolis Rd. just south of Cottage Hill rd. Surrounded by single family subdivisions in one of the fastest growing areas of Mobile. R3 Zoning allows for appr. 12 units/ac.
Good location and demographics for high rents.

This property includes 3 parcels: Key #s: 3131408, 1511689, and 3131391.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile
Tax ID/APN: R023302031001052.003.
Zoning: R3
Property Located Between: Cottage Hill Rd. and Brookfield Dr. N
Property Visibility: Excellent
Legal Description: BEGG AT PT 418 FT W OF SE COR OF NE 1/4 OF SEC 3 T5S R2W TH RUN W 889.3 FT TH N 986 FT(S) TH E 275 FT(S) TH S 785 FT(S) TH RUN E 512 FT (S) TH RUN SELY 175 FT(S) TH S 75 FT(S) TO POB #SEC 03 T5S R2W #MP33 02 03 1 001
Largest Nearby Street: Cottage Hill Rd.
Feet of Frontage: 1,200
Highway Access: Cottage Hill Rd. to S on Demetropolis.
Airports: mobile
Site Description: R3 Zoning
Area Description: High residential area in one of the fastest growing areas of Mobile.
Lot Frontage: 1200
Lot Depth: 951 IRR
Zoning Description: R3 Zoning allowing for appr. 12 Units/acre. Building site coverage of 45% with 45' height restriction. 8000sf building site area with 1500sf additional per unit. https://library.municode.com/al/mobile/codes/code_of_ordinances?nodeId=CICO_CH64ZO_S64-3DI
Topography: Gently Sloping
Soil Type: Other
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,084 73,335 173,202
Median Age: 45.14 37.57 36.62
Households: 3,396 31,862 70,756


Photograph of Listing Agent

David Milstead

Bellator Commercial Gulf Coast CMLS Member
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