48980 Rabun RdBay Minette, AL 36507

For Sale
$800,000
High-traffic Hwy 287 corner lot, near Novelis.
Source: https://www.saltercompany.com

Overview

Added:
Feb 3
Days on market:
72
This 0.74-acre unzoned corner lot in Bay Minette, Alabama, offers exceptional investment potential. Situated on four-lane Highway 287/Rabun Road, it boasts high visibility and accessibility with nearly 10,000 average daily vehicles passing by. Its strategic location is only 0.8 miles from the upcoming $2.5 billion Novelis Recycling plant (projected 1,000+ employees by 2025) and a half-mile from the South Alabama Mega Site. The property benefits from a recent $5 million infrastructure grant improving Highway 287. With 345 feet of paved road frontage on Rabun Rd/Hwy 287 and Ransom Stewart Ln, it's ideal for various commercial ventures, including retail, hospitality, or industrial uses. The property's proximity to I-65 (2 miles, over 20,000 daily vehicles) further enhances its appeal. Previously a service station, four underground tanks (two small, two larger) are present; a removal quote is available. The absence of zoning and its location within an Opportunity Zone provide additional development flexibility and potential tax incentives. Baldwin County's rapid growth, including four of Alabama's top ten fastest-growing cities, underscores this land's strong investment prospects. This prime location, coupled with high traffic counts and proximity to major industrial developments, makes this a compelling opportunity for investors seeking significant returns.

Highlights

  • 0.74-acre corner lot on Hwy 287, near the Novelis plant and I-65.
  • Unzoned, offering development flexibility in a high-growth area with high traffic.
  • Opportunity Zone designation provides potential tax advantages for investors.

Property Details for 48980 Rabun Rd

Property type
Land, Residential land & home lots
Square Feet
32,234 SF
Price / Square Foot
$24.82
Elevators
N/A
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Bay Minette
County
Baldwin
State
Alabama

FAQs

What type of property is this?
Land - High-traffic Hwy 287 corner lot, near Novelis.
Where is the land located?
The property is located at 48980 Rabun Rd Bay Minette, AL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 0.74-acre corner lot on Hwy 287, near the Novelis plant and I-65.; Unzoned, offering development flexibility in a high-growth area with high traffic.; Opportunity Zone designation provides potential tax advantages for investors.
How can I contact the broker?
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48980 Rabun Rd
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