Prime 9 Acre Major Commercial Parcel Baldwin County Opportunity Zone

Vacant Land for Sale
Catylist Listing ID: 30773400
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 9.20 Acres
Sale Price: $7,200,000
Unit Price: $782,608 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/15/2022

Overview / Comments

Excellent opportunity on Prime 9.2 total acre Major Commercial site comprised of 4 separate parcels on Highway 64 at Booming I-10 Wilcox Exit in Baldwin County Opportunity Zone. Several major residential and recreational developments planned and currently under construction on adjacent parcels and surrounding area exploding with growth. Current owner has been operating very successful Truck and Trailer Repair Center for over 20 years and is retiring. Great deep rectangular property with outstanding access adjacent to busy long term travel center service center with restaurant. Great visibility at busy Styx River /Wilcox Road/I-10 Exit. Highway 64 is major North South artery feeding Bay Minette to the North and is roughly the midway point between Mobile and Pensacola. The span between Mobile/Daphne area and Pensacola is quickly growing together and the economic climate outlook for the next several years is outstanding predicting major growth in every direction. This property would be ideal for cluster of restaurants or retail to service future demographic boom surrounding it. Current owner not able to keep up with daily rising demand for his services and is ready to retire.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County, Alabama
Tax ID/APN: 05-41-01-12-0-000-003.000
Zoning: B4 MAJOR COMMERCIAL
Property Located Between: Pensacola and Mobile/Daphne
Property Visibility: Excellent
Legal Description: Site is comprised of 4 separate adjacent parcels assembled to form tract, legal descriptions in file see attachments
Largest Nearby Street: Highway 64 North/South I-10 East/West
Feet of Frontage: 450
Highway Access: Fronts Highway 64 at Interstate !0 Wilcox Road/Styx River Exit
Airports: Located between Pensacola International and Mobile
Site Description: High and Dry Tract with Great Access and Visibility
Area Description: Area is rapidly growing in every direction. Available supply of commercial parcels in prime locations are quickly disappearing as Pensacola and Mobile grow together fueled by demand from influx of new residents moving to area.
Lot Frontage: 450
Lot Depth: 900
Zoning Description: Major Commercial B4 in Opportunity Zone
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,626 2,626
Median Age: 41.21 41.21
Households: 972 972

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