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48980 Rabun Rd
Bay MinetteAL 36507

$800,000
for sale
Tools
Brochure
Size
0.74 Acres
Exterior
Financial
$800,000
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Listing Details
Land
Property type
Local School In County
Schools
Local School In County
Elementary
Local School In County
Middle
Local School In County
High
9265798
Web Id
633730
MLS ID
357
Days Posted

Description

48980 Rabun Rd,

Bay Minette, AL 36507

Bay Minette, AL - UNZONED CORNER LOT! This 0.74 acre lot is located on the 4-lane hwy 287/Rabun Rd in an area that is seeing growth. It has all the makings of a good investment opportunity! The property is just a half mile from the certified 3,000 acre South Alabama Mega Site, and 0.8 miles from the $2.5 Billion Novelis Recyling Plant, which will drive traffice and put you in a price position to take advantage of the area's strong industrial base and potential for development. New apartments are also in the process of being built on Hwy 287...Novelis is expected to be up and running in full capacity in 2025... No better time than now to own land close to an up-and-coming business. Great visibility and heavy traffic with over 10,000 travelers, truckers, & locals passing by daily on Rabun Rd alone. The property is also 2 MILES FROM I-65 with 20,883 vehicles traveling this stretch of the interstate per day. This also provides an easy commute if you're coming from another part of town. Plenty of paved road frontage with 345 ft of access on Rabun Rd/Hwy 287 and Ransom Stewart Ln. This corner location with no zoning gives you plenty of options for future development, whether you want to put up an office building or even build a restaurant! And because it's located in an Opportunity Zone, your investment will be eligible for tax breaks and other incentives. All these factors combined make this vacant lot an amazing opportunity for investors looking for a solid return. Baldwin County is home to 4 of Alabama's top 10 fastest growing cities. The property was previously a service station so there are 4 underground tanks...2 small and 2 larger tanks. The seller has obtained a quote to remove (negotiable with an offer on removal).

This is an Active listing.

Broker Office Phone Number: 251-368-1063

Copyright © 2024Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Price History

datepricevariancetype
9/20/2023$800,000-Listed
Listing By: PHD Real Estate, LLC via Data Source: Pensacola Association of REALTORS 
listing agent: Patty Helton Davis


Located at 48980 Rabun Rd, Bay Minette, Alabama 36507, this Land is for Sale with a price of $800,000 USD. The property. This listing encompasses a lot of .74 Acres. See all Homes for Sale in Bay Minette.
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