50280 Rabun Rd Bay Minette, AL 36507

Property Details for 50280 Rabun Rd

Lot size

1.00 lot acres

Property size

672 SF

Property type

Commercial real estate

APN

05-18-05-15-0-000-018.000

Description

This exceptional 1-acre commercial property in Bay Minette, Alabama, presents a unique investment opportunity. Located in an Opportunity Zone, this land offers significant tax advantages for investors. The property boasts 88 feet of paved road frontage on a four-lane highway (Hwy 287), ensuring high visibility and accessibility. Its strategic location is only 0.3 miles from I-65, providing excellent interstate connectivity to I-10 as well. The site currently features three existing buildings: a single-family home built in 1980, a shop constructed in 1995, and a detached garage completed in 2019. These structures could serve as temporary office space or storage. The property's total square footage ranges from 672 to 2,050 square feet, with a land value of $22.73 per square foot. The absence of city or county zoning allows for versatile commercial development options, including but not limited to fast food establishments, hotels, restaurants, retail centers, self-storage facilities, RV parks, or multi-family complexes. The area is experiencing significant growth, being part of the 7th fastest-growing metro area in the U.S. and the 2nd fastest-growing county in Alabama. A recent $5 million infrastructure grant for Hwy 287 further enhances the property's value and future potential. The property's location offers proximity to amenities, with Downtown Bay Minette six miles away, Mobile 34 miles away, and the Gulf of Mexico 58 miles away. The property is offered fee simple and has an APN of 05-18-05-15-0-000-018.000. The asking price is $990,000. Potential buyers may explore financing options through the Small Business Association (SBA).