Catylist ID:
#30838935
0.8 MILE FROM NOVELIS RECYCLING PLANT –-0.74 ACRES/ HWY 287
Vacant Land
for Sale
| Catylist Listing ID: | 30838935 |
| Property Subtypes: | Industrial, Mobile Home Park, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 0.74 Acres |
| Sale Price: | $800,000 |
| Unit Price: | $1,081,081 Per Acre |
| In Opportunity Zone? | Yes |
| Sale Terms: | Cash to Seller, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/28/2023 |
Overview / Comments
|
Bay Minette, AL - This 0.74-acre lot is located on 4-lane Hwy 287/Rabun Road and is UNZONED... CORNER lot located in an area that is seeing growth, and it has all the makings of a good investment opportunity. The property is just a half mile from the certified 3,000-acre South Alabama Mega Site and 0.8 miles from the $2.5 Billion Novelis Recycling plant, which will drive traffic and put you in a prime position to take advantage of this area's strong industrial base and potential for development. Novelis is expected to be up and running in full capacity in 2025...with 1,000+ employees...no better time than to own land close to an up-and-coming business. This property is an irresistible prospect for visionary investors seeking to maximize their returns while contributing to the area's growth. A steady stream of heavy traffic and visibility for any venture established here is possible with nearly 10,000 AADT on Rabun Road/Hwy 287 and over 20,414 vehicles traversing daily along the interstate. Great location for a service station, fast food chain, multi-family complex, hotel, retail center, self-storage facility, RV Park you name it! The property is also just 2 MILES FROM I-65 with over 20,000 vehicles traveling this stretch of the interstate per day and provides an easy commute if you're coming from another part of town. Plenty of paved road frontage with 345 feet of access on Rabun Rd/Hwy 287 and Ransom Stewart Ln. This corner location with no zoning gives you plenty of options for future development, whether you want to put up an office building or even build a restaurant! And because it's also located in an Opportunity Zone, your investment will be eligible for tax breaks and other incentives. All these factors combined make this vacant lot an amazing opportunity for investors looking for a solid return on their investment in Baldwin County, which is home to 4 of Alabama’s top 10 fastest-growing cities. The property was previously a service station so there are 4 underground tanks…2 small and 2 larger tanks are underground. The Seller has obtained a quote to remove (negotiable with offer on removal). Links of interest: 1. Baldwin County Economic Development Alliance: https://baldwineda.com/ 2. City of Bay Minette: https://cityofbayminetteal.gov/business 3. Alabama Department of Economic & Community Affairs: https://adeca.alabama.gov/opportunityzones/ 4. Opportunity Alabama: https://opportunityalabama.com/ |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Taxing Authority: | Baldwin County, AL |
| Tax ID/APN: | 05-18-08-27-0-000-005.001 |
| Zoning: | UNZONED |
| Property Located Between: | I-65 & North Baldwin Infirmary |
| Property Visibility: | Excellent |
| Legal Description: | 222' X 122.84' IRR FROM NW COR SEC 27 RUN E 712.18' TO E ROW CO HWY 47 FOR POB CONT E 122.84' S 217' W 174.9' N 222' TO POB SEC 27 T1S R3E |
| Largest Nearby Street: | Fronts Rabun Rd/AL 287; Ransom Stewart Ln; Louis Cooper Rd |
| Feet of Frontage: | 345 |
| Traffic/Vehicle Count: | 10,791 |
| Highway Access: | AL 287; I-65; AL 59; AL 31; I-10 |
| Airports: | Bay Minette Muni Airport- 7 mi; Atmore Municipal Airport- 24 mi; Mobile Regional- 44 mi; Pensacola Internationa- 60 mi |
| Site Description: | 0.74-acre lot........ Water and natural gas are available through North Baldwin Utilities. 1/2 from the South Alabama Mega Site, a 3,000 acre certified site with over 1 mile of I-65 Frontage. 0.8 Miles from the new Novelis facility in the Mega Site that broke ground Oct. 7, 2022. Novelis is building a Low-Carbon, $2.5 Billion Aluminum Plant, a recycling & rolling facility in Bay Minette, Alabama, which is the first of its kind and first fully integrated, U.S. mill built in 40 years. Lot size: 222x123x217x175 This property was once a service station, but Seller is selling the property as vacant land. |
| Area Description: | North Baldwin County is the home of the South Alabama Megasite, a 3,000-acre certified site north of the city that offers businesses the opportunity to benefit from the excellent transportation links and shovel-ready industrial sites.[1] As the county seat, the City of Bay Minette is excited to welcome Novelis to the Megasite. Novelis is building a Low-Carbon, $2.5 Billion Aluminum Plant, a recycling & rolling facility in Bay Minette, Alabama, which is the first of its kind and first fully integrated, U.S. mill built in 40 years. [2] Bay Minette is home to numerous industries; and seeks new employers through partnerships with the Baldwin County Economic Development Alliance, the North Baldwin Chamber of Commerce, and the promotion of the Megasite. Bay Minette also provides a wide variety of recreational activities from parks to waterways such as the Tensaw River Delta and the Gulf of Mexico. Conveniently located 35 miles northeast of Mobile, AL, 45 miles west of Pensacola, FL, and 75 miles east of Biloxi, MS. There are approximately 8,500 residents living in the city limits and an additional 20,000 beyond the city limits in North Baldwin. [2] Baldwin County, Alabama, is located along the shores of the Gulf of Mexico and Mobile Bay. It remains a popular destination for visitors, from all over the nation and world, year-round because of first-class golf courses, beautiful beaches, unlimited recreational opportunities, health economy, and first-class public school system which, collectively, has contributed to the county’s explosive population growth. [3] Visit Baldwin County Economic Development Alliance website for more information on Economic Development and incentives. Source: 1. https://cityofbayminetteal.gov/business/south-alabama-megasite#:~:text=North%20Baldwin%20County%20is%20the,and%20shovel%20ready%20industrial%20sites. 2. https://www.novelis.com/bayminette/ 3. https://baldwincountyal.gov/community/about-baldwin-county |
| Lot Frontage: | 345 |
| Lot Depth: | 175 |
| Zoning Description: | No county or city zoning, but property is located in a beneficial Opportunity Zone. Opportunity Zones are designed to spur economic development and job creation in communities. To learn more about the benefits of investing in Opportunity Zones, visit https://adeca.alabama.gov/opportunityzones/ or http://opportunityalabama.com/. |
| Topography: | Level |
| Easements: | Utilities |
| Available Utilities: | Water, Gas, Other |
| Water Service: | Municipal |
| Sewer Type: | None |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 2,446 | 9,255 |
| Median Age: | 44.08 | 39.09 |
| Households: | 1,024 | 3,486 |
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