49640 Highway 287 - Commercial LAND FOR SALE


Bay Minette, AL 36507 43,560 SF
$1,200,000 USD
251-294-2057
49640 Highway 287, Bay Minette, AL for Sale
$1,200,000 USD
Commercial LAND - FOR SALE
1/28
43,560 SF

49640 Highway 287
Bay Minette, AL 36507


HIGHLIGHTS

  • This property benefits from an exceptional location with the same traffic light as the new Novelis Plant and South AL Mega Site.
  • The property is conveniently located just 1 mile from I-65, a major interstate highway, enhancing its connectivity.
  • 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.
  • Investors and businesses can benefit from the tax advantages provided by being in an Opportunity Zone.
  • The property is situated in a rapidly developing county, making it an attractive investment opportunity for businesses.

OVERVIEW

Bay Minette, AL- Next door to South Alabama Mega Site, where the new Novelis Low-Carbon, $2.5 Billion Aluminum Recycling Plant is under construction. This development is expected to be completed in 2025, creating over 1,000 jobs...New apartments are in the process of being built on Hwy 287... Situated just 1 mile from I-65, the property is strategically positioned at the heart of innovation and growth. 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/

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$1,200,000/AC

PRICE/SF

$28 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Industrial, Retail, Office, Mixed Use, Multi-Family, Hospitality, Apartment Units, Auto Dealership, Auto Repair, Auto Salvage Facility, Bank, Car Wash, Cemetery/Mausoleum, Community Center, Contractor Storage Yard, Convenience Store, Day Care Center, Department Store, Drug Store, Fast Food, Funeral Home, Garden Center, General Freestanding, Health Care, Health Club, Hotel, Industrial Live/Work Unit, Lodge/MeetingHall, Loft/Creative Space, Lumberyard, Manufactured Homes/Mobile Home Park, Medical, Motel, Movie Theater, Movie/Radio/TV Studio, Neighborhood Center, Office Park, Open Space, Outlet Center, Planned Unit Development, Police/Fire Station, Post Office, Power Center, Public Library, Public Park, Public Swimming Pool, R&D, Radio/TV Transmn Facility, Recycling Center, Refrigeration/Cold Storage, Rehabilitation Center, Religious Facility, Restaurant, Retail Warehouse, Schools, Self-Storage, Service Station, Shelter, Single Family Development, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Strip Center, Supermarket, Trailer/Camper Park, Truck Stop, Truck Terminal, Utility Sub-Station, Veterinarian/Kennel, Warehouse, Single Family Residence

LAND ACRES

1 AC

LAND SF

43,560 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

Unzoned

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Patty Helton DavisPHD Realty LLCMore Info
251-294-2057

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Patty Helton DavisPHD Realty LLCMore Info
251-294-2057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.