SaltAire Rd
Theodore, AL 36582
Land For Sale
·
75.00 AC
Investment Highlights
- 96 Lots that could be built on much faster than developing from raw land.
- Lake Ownership to Convey
- 20+ Acres for additional home sites and retention
Property Facts
Description
This is a value add opportunity, with a great potential upside for a knowledgeable developer. This subdivision was left incomplete during its initial formation in 2008 and presents a unique opportunity to buy lots/land below market value and complete the project. The location is in a key area located in Mobile County, Alabama with a population of over 413,000. This land is located in an area that is eligible for USDA's 502 Guaranteed Loan home programs, which offers no down payment loans on built homes for buyers. Significant development has already been completed as the initial roads and curb installation have been installed and the legal division of the lots has been recorded. Water/Sewer would need to be finalized in conjunction with the local provider. This listing is for 96 Lots and various parcel numbers that will total in at over 20 acres. In addition, ownership will convey of Saltaire Lake and various retention areas. Lot Numbers and Parcel ID's are as follows: The developed lots are: Lots 1-11, 14-36, 38-39, 41, 51,57-70, 72, 75, 76, 81-83, 100-120, 121-313. The listing also includes the following parcels: Key Numbers 01285674, 01285433, 01285790, 01285629, 03383350, 03343224, and 03343233. All of the lots and the 20+ acres are to be sold all together.
