B1 LOT DIRECTLY ON HWY 59, VISIBLE FROM I-10 (LOT 1)

Vacant Land for Sale
Catylist Listing ID: 30864741
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Vacation/Resort
Gross Land Area: 1.59 Acres
Sale Price: $615,000
Unit Price: $386,792 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/26/2024

Overview / Comments

Excellent opportunity to own this 1.59 Acre Lot with 218 ft of direct road frontage on Hwy 59 with visibility from the I-10 Corridor. This property is flat and cleared with utilities available. Zoned B-1. There are a total of 6 lots available. 4 lots on Hwy 59 and 2 lots on Hwy 49 that are Zoned M-1.

Baldwin County is one of the fastest growing counties in the nation and the City of Loxley is quickly being known as a Logistics and Distribution Hub due to its close proximity to the Port of Mobile and I-10. There are multiple Industrial sites nearby including the Ace Hardware Distribution Center, The new reportedly 100 Million dollar Aldi Distribution Center, Imperial Dade and Home Depot Warehouses and many others. The new $73 million dollar Baldwin County Preparatory School is a few miles North. This property is adjacent to the Speedway and Love's Truck Stops. Hwy 59 is also the gateway to Alabama's beautiful sandy white beaches and world renowned Gulf fishing.

Lot 5 is now Under Contract.

Seller is a Licensed Alabama Realtor.
Buyer to verify all information.

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-33-08-34-0-000-008.006
Zoning: B-1
Property Located Between: Just North of I-10 on the East side of Hwy 59
Property Visibility: Excellent
Legal Description: Lot 1 of Loxley Commercial. Slide 0002927-E
Largest Nearby Street: Hwy 59
Feet of Frontage: 218
Highway Access: Direct Road Frontage on Hwy 59 with quick access to Interstate 10
Airports: Pensacola International Airport, Mobile Regional
Site Description: Flat and cleared
Area Description: Multiple Industrial Logistics and Warehouse sites in the area.
Lot Frontage: 218 ft
Lot Depth: Irregular
Zoning Description: B-1
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,380 15,209
Median Age: 37.07 35.75
Households: 546 5,781

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