$194,850
Pending

90 Hendrix St

Frisco City, AL 36445
Browse 18 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Frisco City, AL - NEW PRICE! $4,500/ACRE AND IMMEDIATE INCOME FOR THE NEXT YEAR Located within the city limits is this unique opportunity to purchase a versatile 43.3-acre property with 38 acres currently leased as farmland at $100.00 per acre until the end of the year. Offering a lot of potential, whether you’re looking to expand agricultural operations, develop residential housing, or explore business ventures. Key Features include: -Substantial road frontage, including 2176 feet of paved frontage on Hendrix Street, 977 feet of paved frontage on Wildfork Road, and 794 feet of frontage on Ryder Ln.. -Utilities and Infrastructure: All essential utilities are available (with a connection fee required), including city water, garbage services, gas, electricity, and internet access. These amenities ensure that the property is well-equipped for various development possibilities. -Versatile Usage: This property allows agricultural operations, business developments, single-family homes, and multi-family homes (such as apartments), and mobile homes. This flexibility makes the property suitable for a wide array of potential projects. Situated in the heart of Frisco City, this property offers excellent access and visibility, with significant road frontage on three major streets. The existing farmland lease provides immediate income potential, while being unzoned allows the door for diverse development opportunities. Whether you're an investor, developer, farmer, or just looking for a place to build your custom home, this is a rare opportunity in Frisco City. Don’t miss out on this unique chance to secure the best investment - Land! Please do not walk on the crops and NEVER drive on crops.. Please note that mineral rights do not convey.

  • Property Details
      • Utility FeaturesElectricity Connected, Gas, Internet, Phone Connected
      • Elementary SchoolLocal School In County
      • Middle SchoolLocal School In County
      • High SchoolLocal School In County
      • Lot DescriptionCorner Lot, Cleared
      • Utility SourcePublic, Tap Fee Due
      • Date ClosedFebruary 04, 2025
      • CountyOther Counties
      • Property SubtypeLand/Acreage
      • Property TypePurchase
      • Original List Price$238,150
      • MLS #646785
      • Cost194850
      • MLS #646785
      • Acres43.3

Location

Hannon Properties Emerald CoastReal 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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