For Sale
$800,000

48980 Rabun RdBay Minette, AL 36507

0.74-acre lot, prime location, high traffic

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 0.74-acre commercial/industrial land parcel presents a compelling investment opportunity in rapidly growing Bay Minette, Alabama. Situated on a corner lot with 345 feet of paved road frontage along Rabun Road/Highway 287 and Ransom Stewart Lane, this property boasts exceptional visibility and accessibility. The site benefits from a high average annual daily traffic count of nearly 10,000 vehicles, ensuring significant exposure for any development. Its strategic location is a key advantage, being only 0.8 miles from the upcoming Novelis Recycling plant (projected 1,000+ employees by 2025) and a half-mile from the South Alabama Mega Site. Furthermore, its proximity to Interstate 65 (2 miles, with over 20,000 vehicles daily) provides easy access to a wider regional market. The property is designated as an Opportunity Zone, offering potential tax advantages. Previously a service station, the site features four underground tanks (removal quote available). The absence of zoning allows for diverse development options, including but not limited to service stations, fast food establishments, multi-family complexes, hotels, retail centers, self-storage facilities, or RV parks. This property's combination of location, accessibility, and Opportunity Zone status makes it an ideal investment for those seeking strong returns in a thriving market. The asking price is $800,000, with a land value of $1,081,081.08 per acre. The property's APN is 05-18-08-27-0-000-005.001 and is offered fee simple.

Highlights

  • Prime location, 1⁄2 mile from South Alabama Mega Site & Novelis Recycling plant.
  • Excellent highway access, 2 miles from I-65.
  • Highly visible corner lot.
  • Extensive road frontage: 345 feet on Rabun Rd and Ransom Stewart Ln.
  • High traffic count: 10,791 AADT.
  • Located in an Opportunity Zone.

Property Details for 48980 Rabun Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Bay Minette
County
Baldwin
State
Alabama
Latitude
30.939767653612
Longitude
-87.765780265236
48980 Rabun Rd, Bay Minette, Alabama

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48980 Rabun Rd
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