$164,000
Pending

41850 State Highway 59

Bay Minette, AL 36507
Browse 16 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Bay Minette, AL – 2.3 Acres of High-Traffic Land strategically positioned between I-65 and I-10 on Hwy 59/Gulf Shores Pkwy. Truly a great location outside city limits with no zoning restrictions, offering flexibility for various types of residential or commercial uses. Coastal Alabama Community College’s campus is just 1.5 mi away, offering potential for apartments or student housing. Railroad Resource Services, 2 mi away, operates 3 rail spurs serviced by CSX, and provides critical railcar transloading and trucking services. The $24 mil Southern Visions facility, headquartered in Loxley, AL, is located just a mile up the road. This 125,000 sqft facility broke ground in 2018 & supports the company’s growing national clientele for Sweet Brew tea and lemonade, creating 66+/- new jobs. The South Alabama Mega Site, just 9 mi north, will soon be home to Novelis' $2.5 billion aluminum recycling and rolling plant, marking the first fully integrated U.S. mill in 40 years. Property is in a Federal Opportunity Zone, providing unique incentives for investors and developers. Surrounded by a mix of retail, logistics, and manufacturing businesses, this high-traffic location sees between 17,796 and 19,249 vehicles daily. Partially cleared with 825 ft of paved road frontage, this development-ready site offers easy access for commuters traveling to Gulf Shores beaches, I-65 (9.5 mi), and I-10 (15 mi). Power, telephone, and gas are already in place, making ready for development. Build a service station, fast food chain, residential complex, private home, hotel, retail center, self-storage facility, RV park, etc. Bay Minette, located in one of the nation’s fastest-growing metro areas, is experiencing continuous economic growth with businesses choosing the area for new facilities and increasing tourism traffic to the nearby Gulf Coast. With a balance of industrial access and lifestyle amenities, this is a rare opportunity to develop along one of the region's well-traveled corridors.

  • Property Details
      • Utility FeaturesElectricity Connected, Gas, Phone Connected
      • Lot DescriptionWooded, Central Access, Cleared
      • Elementary SchoolLocal School In County
      • Middle SchoolLocal School In County
      • High SchoolLocal School In County
      • Utility SourcePublic, Tap Fee Due
      • Date ClosedDecember 30, 2024
      • Property SubtypeLand/Acreage
      • Property TypePurchase
      • Original List Price$164,000
      • CountyBaldwin
      • MLS #652956
      • Cost164000
      • MLS #652956
      • Acres2.3

Location

Hannon Properties Emerald CoastReal Estate Group
$
years

Down Payment

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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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annually
$
monthly

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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