For Sale
$1,200,000

49640 Rabun RdBay Minette, AL 36507

1-Acre Opportunity Zone Land, High Growth Area

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 1-acre commercial property in Bay Minette, Alabama, presents a unique investment opportunity. Located in Baldwin County's rapidly growing 7th fastest-growing metro area in the US, this fee-simple land boasts 231 feet of frontage on improved Highway 287, benefiting from a recent $5 million infrastructure grant. The property enjoys high visibility and traffic, with nearly 10,000 vehicles daily on Rabun Road/Hwy 287 and over 20,000 vehicles daily on the nearby Interstate 65, with projected increases. Utilities including city water, power, and sewer are readily available, along with an existing septic tank. Its strategic location, just one mile from I-65, places it near the new Novelis plant—the first fully integrated US aluminum mill built in 40 years—and the South Alabama Mega Site, offering excellent transportation links and shovel-ready industrial sites. The property's Opportunity Zone designation provides significant tax incentives. Currently unzoned, it offers versatile development potential for various commercial ventures, including retail, hospitality, or multi-family housing. Existing structures include a single-family and manufactured home, potentially usable for temporary office space or storage. Proximity to downtown Bay Minette, Mobile, and the Gulf Coast enhances its appeal. This prime location, coupled with the area's booming economy and infrastructure improvements, makes this a compelling investment prospect. The property's APN is 05-18-05-22-0-000-003.000. The asking price is $1,200,000.

Highlights

  • 1-Acre commercial lot in Bay Minette, AL, benefiting from a recent $5 million Highway 287 infrastructure grant.
  • Shares a traffic signal with the new Novelis plant and South Alabama Mega Site.
  • Located 1 mile from I-65.
  • Features 231 feet of paved frontage on four-lane Highway 287.
  • Situated in an Opportunity Zone.

Property Details for 49640 Rabun Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Bay Minette
County
Baldwin
State
Alabama
Latitude
30.94871229
Longitude
-87.76263084
49640 Rabun Rd, Bay Minette, Alabama

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49640 Rabun Rd
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