36 Acres - Prime Development

Vacant Land for Sale
Catylist Listing ID: 30353266
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 36.10 Acres
Sale Price: $5,000,000
Unit Price: $138,504 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

36+/- ACRES PRIME DEVELOPMENT - located at the "Gateway to Fairhope". This property has approx. 1,320 front feet along Fairhope's "Greeno Corridor" , famous for it's city sidewalk, tree-lined right-of-ways and landscaped medians. Situated between Scenic 98 Hwy 98 and Business Hwy 98 at Volanta Avenue, the site offers easy golf cart access to Mobile Bay (.6 miles), Fairhope Yacht Club (.6 miles), Fly Creek Marina (.7 miles) and Downtown Fairhope's CBD (1 mile) with upscale dining, retail, art and entertainment. Approximately 25,000+/- vehicles pass site each day! Fairhope is the fastest growing city in the fastest growing county (Baldwin) of Alabama with a projected annual growth rate of 2.38% in a 5-mile radius.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-39-0-002-001.000
Zoning: R-1
Property Located Between: Scenic Hwy. 98 and Business Hwy. 98
Property Visibility: Excellent
Largest Nearby Street: Highway 104
Feet of Frontage: 1,320
Traffic/Vehicle Count: 25,830
Highway Access: Hwy. 98 to I-10
Site Description: 36 Acres of undeveloped land on Hwy 98 (Greeno Rd) at Volanta Avenue in Fairhope, AL. Site features approximately 1320 feet of frontage on Greeno Rd, and approximately 1835 feet of frontage on Volanta Ave, directly adjacent to Volanta Park. Zoned R-1. PPIN: 11770
Area Description: The property is adjacent to single-family residential, the Fairhope Recreation Center and Municipal Pool and is proximate to the Fairhope business district, the Fairhope Yacht Club, Fly Creek Marina and Mobile Bay.
Lot Frontage: 1320
Zoning Description: R-1
Development Name: 36 ACRES - PRIME DEVELOPMENT
Topography: Level
Easements: Ingress/Egress
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,230 19,696 35,581
Median Age: 49.32 43.89 43.6
Households: 1,984 8,225 14,490


Photograph of Listing Agent

Cheryl Stovall

NAI Mobile, LLC Gulf Coast CMLS Member
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