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48980 RABUN RD BAY MINETTE, AL 36507
- Single Family Home / Resale (MLS)
Property Details for 48980 RABUN RD, BAY MINETTE, AL 36507
Features
- Price/sqft: $284
- Lot Size: 30492
- Stories: 100
- Roof Type: Tar & Gravel
- Heating: None
- Construction Type: Wood
- Exterior Walls: Brick
Facts
- Year Built: 01/01/1965
- Property ID: 818690312
- MLS Number: 633730
- Parcel Number: 18-08-27-0-000-005.001
- Property Type: Single Family Home
- County: BALDWIN
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Bay Minette, AL - This 0.74-acre lot is located on 4-lane Hwy 287/Rabun Road and is UNZONED... CORNER lot located in an area that is seeing growth, and 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 Recycling plant, which will drive traffic and put you in a prime position to take advantage of this area's strong industrial base and potential for development. Novelis is expected to be up and running in full capacity in 2025...no better time than 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 just on Rabun Rd alone! The property is also just 2 MILES FROM I-65 with over 20,000 vehicles traveling this stretch of the interstate per day and provides an easy commute if you're coming from another part of town. Plenty of paved road frontage with 345 feet 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 also 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 on their investment in Baldwin County, which is home to 4 of Alabamas top 10 fastest-growing cities. The property was previously a service station so there are 4 underground tanks2 small and 2 larger tanks are underground. The Seller has obtained a quote to remove (negotiable with offer on removal).
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Property Brokerage:
PHD Realty LLC
1812 S. Main Streeet
Atmore
AL
36502
Copyright © 2024 Pensacola 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.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.