49640 Rabun Rd Bay Minette, AL 36507

Property Details for 49640 Rabun Rd

Lot size

1.00 lot acres

Property type

Commercial real estate

APN

05-18-05-22-0-000-003.000

Description

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.