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: | 4/1/2024 |
Overview / Comments
|
Bay Minette, AL - This 0.74-acre lot on 4-lane Hwy 287/Rabun Road presents an attractive investment opportunity with several key features: Unzoned and Corner Lot: The property is unzoned, providing flexibility for various types of development. Being a corner lot enhances its visibility and accessibility. Strategic Location and Growth Area: Located in an area experiencing growth, the property is just a half mile from the certified 3,000-acre South Alabama Mega Site and 0.8 miles from the upcoming $2.5 Billion Novelis Recycling plant. The growth in the vicinity makes it a promising investment opportunity. Proximity to Mega Site and Novelis Plant: The property's proximity to the South Alabama Mega Site and the Novelis Recycling plant, which is expected to be operational with 1,000+ employees by 2025, positions it well to benefit from the area's industrial base and potential for development. High Traffic and Visibility: The property enjoys a steady stream of heavy traffic with nearly 10,000 Average Annual Daily Traffic (AADT) on Rabun Road/Hwy 287 and over 20,414 vehicles daily along the interstate. This makes it suitable for various ventures, such as a service station, fast food chain, multi-family complex, hotel, retail center, self-storage facility, RV park, and more. Proximity to I-65: The lot is just 2 miles from I-65, with over 20,000 vehicles traveling this stretch of the interstate per day. This provides easy access and a convenient commute for visitors and potential customers. Paved Road Frontage: The property benefits from a $5 million grant to update its infrastructure near the Novelis plant. With 345 feet of access on Rabun Rd/Hwy 287 and Ransom Stewart Ln, you have ample paved road frontage contributing to accessibility and visibility. No Zoning and Opportunity Zone: The absence of zoning provides freedom for future development possibilities. Being in an Opportunity Zone adds potential tax breaks and incentives, making it an even more attractive investment. Previous Service Station Infrastructure: The property was previously a service station with 4 underground tanks (2 small, 2 larger). The seller has obtained a quote for their removal, which is negotiable with an offer. Solid Return on Investment: Considering the growth in Baldwin County, home to 4 of Alabama’s top 10 fastest-growing cities, this vacant lot presents a solid opportunity for investors seeking a favorable return on investment. This property, with its strategic location, growth potential, and versatile zoning, offers a compelling investment prospect for visionary investors looking to capitalize on the expanding opportunities in Baldwin County. Interested parties are encouraged to explore the possibilities and consider the potential for development in this thriving area.. |
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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