5.27 Acre Approved PUD for Sale

Vacant Land for Sale
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30356186
Property Subtypes: Hospitality, Office, Residential (Single Family), Retail, Retail-Pad
Building Status: Proposed
Gross Land Area: 5.27 Acres
Sale Price: $1,999,000
Unit Price: $379,316 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/26/2019

Overview / Comments

Park Place on Greeno is a one of a kind development opportunity in beautiful Fairhope, AL. Situated on nearly 1000 feet of US Highway 98 (Greeno Rd) frontage, access and visibility are unparalleled. With over 5 acres of land, 60,000 square feet of total building area, and up to three stories allowed, the possibilities are endless. Uses include Restaurants, Professional Office, Medical Office, Retail, and Residential. A total of twenty building sites are available. Sites range from 1,400 to over 6,000 SF, with the option of going vertical for more building space. Contact Bowen Weir with White-Spunner Realty - Eastern Shore, for more information. 251-270-9099 or 251-301-0293

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-39-0-001-009.000
Property Located Between: AL-104 and Volanta Ave
Property Visibility: Excellent
Largest Nearby Street: US Highway 98 (Greeno Rd)
Feet of Frontage: 952
Traffic/Vehicle Count: 27,120
Highway Access: One full movement access cut onto US Highway 98 (Greeno Rd) as well as one right in-right out access cut onto US Highway 98 (Greeno Rd). I-10 is approximately 8 miles north of the site.
Airports: Fairhope Municipal Airport- 5.5 Miles - Mobile Regional Airport- 34 Miles - Pensacola Regional Airport- 55 Miles
Site Description: +/- 5.27 acres fronting US Highway 98 (Greeno Rd)
Area Description: Fairhope, AL is situated on the eastern shore of Mobile bay, between Daphne and Point Clear, home of the Grand Hotel. It was named best small town by Southern Living in 2016. The Fairhope Pier, along with many restaurants and small shops, highlight the family friendly downtown atmosphere.
Lot Frontage: 952
Lot Depth: varied
Zoning Description: PUD. Commercial and Residential.
Part of Planned Development?: Yes
Development Name: Park Place on Greeno
Topography: Level
Available Utilities: Electric, Water, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,230 20,899 33,469
Median Age: 49.32 43.86 43.77
Households: 1,984 8,667 13,693


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