Excellent Opportunity for Multi-Family Development Summerdale Al.

Multi-Family for Sale
Catylist Listing ID: 30717133
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mid-Rise, Mixed Use, Mobile Home Park, Senior Living, Other
Number of Units: 19 Units
Building Size (RSF): 12,426 SF
Gross Building Area: See Agent
Gross Land Area: 11.40 Acres
Sale Price: $1,239,000
Unit Price: $65,210.53 Per Unit
Property Use Type: Investment, Business
Usable Size (USF): 409,530 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/29/2021

Overview / Comments

Incredible opportunity where power, water, sewer and paved roads are already in place. Open all attachments in this listing!!!! Commercial B2 zoning. Located in Summerdale. It is in a QCT (Qualified Census Tract). 11+- acres. 19 Parcels Available in Mitchell's commercial Park. Potential to purchase the other two lots.. Owner has a very good relationship with the city of Summerdale. Highest and best use would be some type of Multi-family PUD, which would require zoning to be changed to R-3 ( which allows Apt buildings up to 3 stories) We have already met with the Mayor and the key people in planning and zoning. City is open and receptive to a zoning change accommodating a project of this nature. Great location in the middle of Summerdale close to Hwy 59. Various sizes approximately from 85' X 150' to 107' to 150'. To be sold together/ owner would entertain selling lots separately. Potential high-end Class A motor coach location, (Apartments/garden homes) Taps and water meters are in.. Street lights in place. retention pond!! Ready to go. WINNER on Wynn rd property.. Bring all offers... Owner willing to assist in all phases.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-48-09-30-3-000-013.014
Zoning: B-2
Property Located Between: Robertsdale and Foley AL
Highway Access: STATE HWY 59
Airports: Jack edwards Airport Gulf Shores Al Fairhope Airport, PNS
Site Description: B-2 Commercial Business District Uses Permitted: Any retail use, service, or wholesale business not specifically restricted or prohibited, including all of the following types of businesses: parking lots, hotels/motels, bed and breakfasts, offices, banks, public buildings, major auto repair to include paint/body shops, business signs, printing plants, clubs and fraternal organizations, mortuary or funeral home, places of amusement and assembly, mini-warehouses, recreational vehicle parks, pet stores, automobile sales and service, bus terminals and taxi cab stands, storage plants, general ware-housing, gasoline service stations, veterinarian hospitals and kennels, outdoor advertising signs, churches, or similar places of worship, restaurants, and similar types of business. Uses Permitted on Appeal: Dry cleaner plants and laundries. Manufacturing incidental to a retail business where articles are sold at retail on the premises, not specifically prohibited herein; on-site residence whereby the purpose of which is to provide for the over-watch, protection, or management of the property or equipment pertaining or specific to the business.
Area Description: Just West of Hwy 59. Heart of Summerdale. Newer subdivision close bye.. MOM and POP Western wear store.
Property Condition: Excellent
Lot Frontage: 84.2'-119.4'
Lot Depth: 150'-175'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 1: PPIN 281145 PARCEL 05-48-09-30-3-000-013.005 86.5' X 150' IRR LOT 1 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2 279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 2 PPIN 281146 PARCEL 05-48-09-30-3-000-013.006 109.6' X 150' LOT 2 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279 -E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 5 PPIN 281149 PARCEL 05-48-09-30-3-000-013.009 85.5' X 150' IRR LOT 5 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2 279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 6 PPIN 281150 PARCEL 05-48-09-30-3-000-013.010 108.9' X 150' LOT 6 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279 -E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 7 PPIN 281151 PARCEL 05-48-09-30-3-000-013.011 108.9' X 150' LOT 7 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279 -E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 8 PPIN 281152 PARCEL 05-48-09-30-3-000-013.012 117.8' X 175' IRR LOT 8 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 9 PPIN 281153 PARCEL 05-48-09-30-3-000-013.013 85.2' X 150' IRR LOT 9 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2 279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 10 PPIN 281154 PARCEL 05-48-09-30-3-000-013.014 108.3' X 150' LOT 10 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 11 PPIN 281155 PARCEL 05-48-09-30-3-000-013.015 108.3' X 150' LOT 11 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 12 PPIN 281156 PARCEL 05-48-09-30-3-000-013.016 119.4' X 175' IRR LOT 12 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 13 PPIN 281157 PARCEL 05-48-09-30-3-000-013.017 84.2' X 150' IRR LOT 13 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 14 PPIN 281158 PARCEL 05-48-09-30-3-000-013.018 107.4' X 150' LOT 14 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 15 PPIN 281159 PARCEL 05-48-09-30-3-000-013.019 107.4' X 150' LOT 15 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 16 PPIN 28116 PARCEL 05-48-09-30-3-000-013.020 116.5' X 175' IRR LOT 16 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 17 PPIN 281161 PARCEL 05-48-09-30-3-000-013.021 86.1' X 150' IRR LOT 17 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 2279-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 18 PPIN 281162 PARCEL 05-48-09-30-3-000-013.022 109.4' X 150' LOT 18 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 19 PPIN 281163 PARCEL 05-48-09-30-3-000-013.023 109.4' X 150' LOT 19 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD) Lot 20 PPIN 281164 PARCEL 05-48-09-30-3-000-013.024 108.4' X 150' LOT 20 CIRCLE D COMMERCIAL PLAZA SUB SLIDE 227 9-E IN THE CITY OF SUMMERDALE SEC 30-T6S-R4E (WD)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,038 22,462
Median Age: 42.7 39.8
Households: 815 8,645

Contact

Photograph of Listing Agent

Renee Cheval Beasley

HERRINGTON REALTY INC Gulf Coast CMLS Member
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