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

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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


Photograph of Listing Agent

John T. Jenkins

CRE Mobile Gulf Coast CMLS Member
Photograph of Listing Agent

Pete Riehm

CRE Mobile Gulf Coast CMLS Member
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