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- LoopNet Team
407 Dead Lake Rd
Creola, AL 36525
250 Lot Development Project -Creola Ala · Multifamily Property For Sale
·
320,000 SF
INVESTMENT HIGHLIGHTS
- Written Approval on 200 lots, Verbal approval on 250 lots.
- Estimated valuation of $13M
- Mobile home park development project in Mobile county, Al.
PROPERTY FACTS
| No. Units | 1 | Building Size | 320,000 SF |
| Property Type | Multifamily | Average Occupancy | 1% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Building Class | C | Parking Ratio | 0.01/1,000 SF |
| Lot Size | 16.89 AC | ||
| Zoning | mobile home park | ||
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 16.89 AC |
| Building Size | 320,000 SF |
| Average Occupancy | 1% |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 0.01/1,000 SF |
| Zoning | mobile home park |
ABOUT 407 DEAD LAKE RD , CREOLA, AL 36525
Sea Breeze I & II is a full blown mobile home park development project with 250 lots. The project can have a value upwards of $13 million after completion. Sea Breeze I & II is nestled just 62 miles from the Gulf of Mexico in the city of Creola Alabama, Mobile County. This is a rare opportunity for the right investor. No where else in the county of Mobile can you develop a park of this magnitude today. The project scope will consist of developing two existing mobile home parks in the city of Creola, Al. The city of Creola has approved the combined development up to 250 lots. Total acres include 12.60 acres + 18.60 acres. 407 Dead Lake Rd and 9530 Bentley Rd. Creola Al This project will include a complete new layout for both parks. This will include new sewer with lift station, new water lines through-out, new 200 amp underground power, new parking pads, new roads, along with 250 lots. All development quotes are included. Project cost will run roughly $2 million plus homes.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 250 | - | - |
PROPERTY TAXES
| Parcel Number | 19-01-01-0-000-084.001 | Improvements Assessment | $0 |
| Land Assessment | $39,260 | Total Assessment | $39,260 |
PROPERTY TAXES
