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    28905 Hwy 98 Daphne, AL 36526

    Sponsored
    For Sale
    $800,000

    Prime Daphne location, build-to-suit option.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 0.92-acre parcel, located at 28905 Highway 98 in Daphne, Alabama (zip code 36526), is zoned B2 and presents a fantastic opportunity for commercial development. Previously occupied by a restaurant, this site is ideally suited for a quick-service restaurant (QSR) or other retail establishment. Its prime location near Interstate 10 on busy Highway 98 ensures high visibility and accessibility. The asking price is $800,000, but the owner is also open to a ground lease at $45,000 per year. Furthermore, a build-to-suit option is available, offering flexibility for potential buyers or lessees to tailor the property to their specific needs. This property is situated in Baldwin County and offers significant potential for investors seeking a high-traffic location in a thriving commercial area. The site's history as a restaurant provides a solid foundation for a similar venture or a creative alternative. Don't miss this chance to acquire a highly visible and strategically located commercial property in Daphne, Alabama.

    Property Features for 28905 Hwy 98

    General Information

    Property type
    Land
    Lot Size
    40,075 SF

    HighLights

    • $800,000 asking price.
    • 0.92‑acre land parcel.
    • B2 zoning.
    • Former restaurant site suitable for QSR or other retail.
    • Located on Highway 98 near I‑10 in Daphne, Alabama.
    • Ground lease option available at $45,000 annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Daphne
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9132975
    Latitude
    30.6464614

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    FAQs

    What type of property is this?
    Land - Prime Daphne location, build-to-suit option.
    Where is this land located?
    The property is located at 28905 Hwy 98 Daphne, 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: $800,000 asking price.; 0.92-acre land parcel.; B2 zoning.
    Request Owner's contact information
    28905 Hwy 98 Daphne, AL 36526
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    Daphne, AL 36526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28905 Hwy 98 Daphne, AL 36526
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