32971 AL Highway 59

Vacant Land for Sale
Catylist Listing ID: 30384866
Property Subtypes: Agricultural, Mobile Home Park, Residential (Single Family), Other
Gross Land Area: 149 Acres
Sale Price: $2,980,000
Unit Price: $20,000 Per Acre
In Opportunity Zone? Yes
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2019

Overview / Comments

Three Investment Opportunities Available:

Opportunity #1:
$2,980,000 for 149 acres
Spanish Fort, Loxley, & Stapleton are all growing fast and converging quickly. This Property sits right in the middle of this converging Triangle between U.S. Highway 31 and State Highway 59.
Great for future Land development -includes: Operational Dirt Pit 50+/- acres,  Agricultural 50+/- acres, Operational .4 mile Dirt Track operating as Deep South Speedway, Inc. / Amphitheatre stands to hold well over 2000 people, and plenty of parking.

Opportunity #2:
Will sub-divide 40 +/- Acres and sell the Deep South Racetrack Business: includes Two Story Steel Building with fully functioning concession stand and commercial kitchen (including several heavy equipment items and all other equipment on property needed to run the business)

Opportunity #3:
Immediately looking for a Tenant/Operator to lease Racetrack and promote events in 2019 for $36k/yr lease
Many famous racers have been on the property and raced over the years in this venue. Can also be used for concert events! Just needs someone who can market and promote!

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-33-03-08-0-000-033.001
Zoning: COUNTY
Property Located Between: Spanish Fort and Loxley
Largest Nearby Street: Highway 90
Zoning Description: County

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,744 8,105
Median Age: 34.63 35.61
Households: 2,634 3,126

Contact

Photograph of Listing Agent

Marl M Cummings, IV

Cummings & Associates, Inc. Gulf Coast CMLS Member
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