Development Site on Moffett Rd
Vacant Land
for Sale
| Catylist Listing ID: |
30144472 |
| Property Subtypes: |
Mobile Home Park, Multi-Family, Residential (Single Family), Retail, Self Storage
|
| Gross Land Area: |
4.22 Acres
|
| Sale Price: |
$395,000 |
| Unit Price: |
$93,601 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/12/2021 |
Overview / Comments
|
Redevelopment site less than 1 mile from I-65. Fronts Moffett Road (189 FT), plus two additional access roads - Reynolds Drive and Oak Lane Cir W (from Oak Lane Drive). All utilities to site. Gently sloping topography. Strong demographics (see 2nd page of brochure). Projected growth rate of 0.05%. Ideal for multi-family, residential subdivision, mini-storage development and more. Currently site has seven income-producing rental houses, can be sold as an investment piece as well (inquire with agent).
|
Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Property Located Between: |
I-65 & Oak Cir Dr. |
| Property Visibility: |
Fair |
| Largest Nearby Street: |
Moffett Road |
| Feet of Frontage: |
189 |
| Traffic/Vehicle Count: |
37,700 |
| Area Description: |
Located less than one mile from I-65, site is situated on Moffett Road with a private drive (Reynolds Drive) for access to to the back portion of the property. Second access to property located off Oak Lane Drive (Cir W). |
| Lot Frontage: |
189 |
| Lot Depth: |
961 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,103 |
69,802 |
188,373 |
| Median Age: |
37.37 |
37.33 |
35.93 |
| Households: |
2,374 |
28,358 |
76,191 |
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