Land for Sale at County Road 32 and Highway 181

Vacant Land for Sale
Catylist Listing ID: 30520809
Property Subtypes: Industrial, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 1.54 Acres
Sale Price: $479,000
Unit Price: $311,038 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 10/30/2020

Overview / Comments

2 Parcels on County Road 32 for sale with $100,000 in improvements to property including water, power, asphalt, gravel, and ice machine.

Ice machine is included in the deal. Value on new ice machine was $100k and used value today is valued at $50k. No commission paid on Ice Machine and has to be sold outside of the real estate. Income from ice machine ranges from $1500-$4000 per month; Year to Date income on ice machine as of 10-25-19 was $27,502; Ice Machine income can make over 50% of the land payment.

There is no structure on property. Owner financing available with 10% down at 6% interest on 20 year note.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-56-02-03-0-000-002.000
Property Located Between: Highway 181 and County Road 32
Property Visibility: Excellent
Legal Description: Parcel 1 PPIN: 038761 is 210' X 150' SEC 3 T7S R2E BEG NE COR S 250' W 190' N 250' E 190' TO PT BEG... (VLD) Parcel 2 PPIN: 044575 is 170X210 SEC 3-7-2 FR NE COR SE C 3 W190' POB S250' W170'...LESS 40' STRIP ALG N SIDE FOR PUBLIC RD (VLD)
Largest Nearby Street: State Highway 181 and County Road 32
Airports: pensacola , mobile, biloxi
Site Description: Flat Corner lot
Area Description: Great intersection with one gas station and school just 1/4 mile away. Major 4 lane being constructed being built after 2020.
Lot Frontage: Corner Lot - 320 feet on County road 32 and 210 feet on State Highway 181
Lot Depth: 320 x 210
Zoning Description: Commercial
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,112 12,971 32,073
Median Age: 40.92 42.53 44.13
Households: 797 5,256 13,359


Photograph of Listing Agent

Henry A Wise

Wise Living Real Estate, LLC Gulf Coast CMLS Member
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