49640 Rabun Rd

Bay Minette, AL 36507
$1,200,000

Description

Bay Minette, AL- 1 Mile from I-65! This 1 Acre commercial property for sale is a true gem strategically positioned next door to South Alabama Mega site where the new Novelis Low-Carbon, $2.5 Billion Aluminum Recycling Plant is under construction; to be completed in 2025. A red light was installed for egress/ingress into the plant & some utilities are available including water, power & sewer/septic. New apartments are in the process of being built on Hwy 287. The plant for the Atlanta-based Novelis is the first of its kind & first fully integrated, U.S. mill built in 40 yrs; set up to create over 1000 jobs. The South Alabama Mega site is a 3,000-acre certified site that offers businesses the opportunity to benefit from the shovel-ready industrial sites. Other outstanding features of this property are its Interstate Connectivity to I-65 & I-10 & its inclusion within an Opportunity Zone, which offers substantial tax incentives! This property is an irresistible prospect for investors! With an AADT of 9,960 on Rabun Road/Hwy 287 & 20,883 vehicles traversing daily along the interstate, enjoy heavy traffic & visibility for any venture. The potential is endless with no city or county zoning!Great location for a service station, fast food chain, multi-family complex, hotel, retail center, self-storage facility, RV Park you name it! With construction well underway, the value of this location is set to surge as the plant becomes operational, attracting businesses & creating an influx of opportunities. Extraordinary chance to capitalize on the booming economy of the 7th fastest-growing Metro Area in the U.S. & the 2nd fastest growing county in the state. The property includes a single-family & manufactured home presently offering temporary office space or light storage. With Downtown Bay Minette 6 mi away, Mobile AL 35 mi away & the Gulf of Mexico 58 mi away, this location offers a perfect balance between industrial/commercial accessibility & lifestyle amenities.
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  • Property Details
    • Property
      • Lot description:Wooded, Central Access, Cleared
    • Measurements
      • Acres:1
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Sewer information:Septic Tank
      • Utility source:Public
      • Utility features:Natural Gas Connected, Sewer Available, Electricity Connected, Gas, Internet, Phone Connected, Cable Connected
  • Community and Neighborhood Details
    • Location
      • Elementary School:Local School In County
      • Middle School:Local School In County
      • High School:Local School In County
      • County:Baldwin
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 200, 000
  • Other
    • Source
      • MLS #:632128

Location

Central Bay Realty and Property ManagementReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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