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50924 Rabun Rd
Bay Minette, AL 36507
56 acres! · Land For Sale
·
55.00 AC
Investment Highlights
- Traffic Counts- I-65 2023 AADT of 20,883 (TADT % 30.22)
- Primary Exit to Alabama Gulf Coast Beaches
- Positioned One Mile from South Alabama Mega Site
- Half-Mile of Frontage on I-65
Executive Summary
The development site is less than a mile from South Alabama Mega Site, a 3,000-acre certified industrial site that is soon to be occupied by Novelis. Novelis announced plans in 2022 to invest $2.5 billion into a new advanced aluminum rolling and recycling manufacturing facility at the Mega Site. The facility is anticipated to create about 1,000 jobs with an average annual salary of $65,000 for its employees.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 55.00 AC |
| Zoning | B-2 - General Business District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 55.00 AC |
| Zoning | B-2 - General Business District |
1 Lot Available
Lot
| Price | $4,200,000 | Lot Size | 56.00 AC |
| Price Per AC | $75,000.00 |
| Price | $4,200,000 |
| Price Per AC | $75,000.00 |
| Lot Size | 56.00 AC |
I-65 Frontage- Over ½ of frontage on I-65 Location- NE quadrant of I-65 & Highway 287 (Exit 37)
Description
56-Acre Development Site on I-65 located at 50924 Rabun Road in Bay Minette, Alabama. Positioned on the northeast quadrant of I-65 and 287, the development site is situated on 56 acres off Exit 37. The site benefits from over a half-mile of frontage along I-65, which averages 20,883 vehicles per day and 30 percent of this traffic is estimated to be heavy truck traffic (AADT 2023). Classified as a General Business District (B-2), the site’s available utilities include power through Baldwin EMC and water through North Baldwin Utilities. The development site is less than a mile from South Alabama Mega Site, a 3,000-acre certified industrial site that is soon to be occupied by Novelis.
Property Taxes
| Parcel Number | 18-05-15-0-000-001.000 | Improvements Assessment | $0 |
| Land Assessment | $33,920 | Total Assessment | $33,920 |
Property Taxes
