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49640 Highway 287
1 Acre of Commercial Land Offered at £948,012 in Bay Minette, AL 36507
Investment Highlights
- This property benefits from an exceptional location with the same traffic light as the new Novelis Plant and South AL Mega Site.
- With 231 ft of paved road frontage on a 4-lane Hwy 287, this property offers an ideal setup for businesses seeking exposure and easy customer access.
- The property is situated in a rapidly developing county, making it an attractive investment opportunity for businesses.
- The property is conveniently located just 1 mile from I-65, a major interstate highway, enhancing its connectivity.
- Investors and businesses can benefit from the tax advantages provided by being in an Opportunity Zone.
Executive Summary
Frontage and Infrastructure Improvements: With 231 feet of frontage on an improved Hwy 287, the property benefits from a $5 million grant to update its infrastructure near the Novelis plant. Utilities are available including city water, power, city sewer & a septic tank.
First Fully Integrated U.S. Mill in 40 Years: The Novelis plant is the first of its kind and the first fully integrated U.S. mill built in 40 years, adding to the uniqueness and significance of the location.
South Alabama Mega Site: The Mega Site offers businesses excellent transportation links and shovel-ready industrial sites, enhancing the property's appeal for potential investors.
High Traffic and Visibility: The property boasts heavy traffic and visibility, with an Average Annual Daily Traffic (AADT) of nearly 10,000 on Rabun Road/Hwy 287 and 20,883 vehicles daily along the interstate, with expected increases.
Versatile Zoning Options: The absence of city or county zoning provides flexibility for various commercial ventures, such as a service station, fast food chain, multi-family complex, hotel, retail center, self-storage facility, RV park, etc.
Interstate Connectivity and Opportunity Zone: The property offers interstate connectivity to I-65 and I-10 and is located in an Opportunity Zone, providing substantial tax incentives for potential investors.
Booming Economy: The property is situated in the 7th fastest-growing Metro Area in the U.S. and the 2nd fastest-growing county in the state, presenting an extraordinary chance to capitalize on the region's economic growth.
Additional Features: There is a single-family and manufactured home on the property, offering potential temporary office space or light storage.
Proximity to Amenities: With Downtown Bay Minette just 6 miles away, Mobile, AL within 35 miles, and the Gulf of Mexico 58 miles away, the location strikes a balance between industrial/commercial accessibility and lifestyle amenities.
Financing Assistance: Potential buyers can benefit from assistance in viewing the property or financing through the Small Business Association (SBA).
This property is poised to be a lucrative investment, given its strategic location, upcoming industrial development, and favorable zoning conditions. Interested parties are encouraged to explore this opportunity and consider its potential for various commercial ventures.
Call Us Today for Assistance's in viewing the property or financing today with Small Business Association.
Links of interest:
1. WKRG - $5 Million Dollar Infrastructure Grant for Hwy 287: https://www.wkrg.com/baldwin-county/5m-grant-awarded-to-improve-highway-287-near-new-novelis-plant/
2. Baldwin County Economic Development Alliance: https://baldwineda.com/
3. City of Bay Minette: https://cityofbayminetteal.gov/business
4. Alabama Department of Economic & Community Affairs: https://adeca.alabama.gov/opportunityzones/
5. Opportunity Alabama: https://opportunityalabama.com/
Property Facts
| Price | £948,012 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | £948,012 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £948,012 | Lot Size | 1.00 AC |
| Price Per AC | £948,012 |
| Price | £948,012 |
| Price Per AC | £948,012 |
| Lot Size | 1.00 AC |
1 ac lot next to Novelis / Mega Site entrance. 1 single-family home, 1 manufactured home. Property grounds well kept, cleared with some trees. Metal shed. Water and natural gas are available through North Baldwin Utilities. Lot size: 231x158x215x245.
Description
North Baldwin County is the home of the South Alabama Mega Site, a 3,000-acre certified site north of the city that offers businesses the opportunity to benefit from the excellent transportation links and shovel-ready industrial sites. As the county seat, the City of Bay Minette is excited to welcome Novelis to the Mega site. Novelis is building a Low-Carbon, $2.5 Billion Aluminum Plant, a recycling & rolling facility in Bay Minette, Alabama, which is the first of its kind and first fully integrated, U.S. mill built in 40 years. Bay Minette is home to numerous industries; and seeks new employers through partnerships with the Baldwin County Economic Development Alliance, the North Baldwin Chamber of Commerce, and the promotion of the Mega site. Bay Minette also provides a wide variety of recreational activities from parks to waterways such as the Tensaw River Delta and the Gulf of Mexico. Conveniently located 35 miles northeast of Mobile, AL, 45 miles west of Pensacola, FL, and 75 miles east of Biloxi, MS. There are approximately 8,500 residents living in the city limits and an additional 20,000 beyond the city limits in North Baldwin. Baldwin County, Alabama, is located along the shores of the Gulf of Mexico and Mobile Bay. It remains a popular destination for visitors, from all over the nation and world, year-round because of first-class golf courses, beautiful beaches, unlimited recreational opportunities, health economy, and first-class public school system which, collectively, has contributed to the county’s explosive population growth. Visit Baldwin County Economic Development Alliance website for more information on Economic Development and incentives. LoopNet ID: 29326018
zoning
| Zoning Code | Unzoned (No city or county zoning, but property is located in an Opportunity Zone.) |
| Unzoned (No city or county zoning, but property is located in an Opportunity Zone.) |
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Patty Helton Davis -
PHD Realty LLC
Presented by
49640 Highway 287
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