48980 Rabun Rd Bay Minette, AL 36507
Estimated payment $2,670/month
Total Views
9,229
0.74
Acre
$675,676
Price per Acre
32,234
Sq Ft Lot
About This Lot
Bay Minette, AL - NEW PRICE! UNZONED CORNER LOT! This 0.74 acre lot is located on the 4-lane hwy 287/Rabun Rd in an area that is seeing growth. It has all the makings of a good investment opportunity! The property is just a half mile from the certified 3,000 acre South Alabama Mega Site, and 0.8 miles from the $2.5 Billion Novelis Recyling Plant, which will drive traffice and put you in a price position to take advantage of the area's strong industrial base and potential for development. New apartments are also in the process of being built on Hwy 287...Novelis is expected to be up and running in full capacity in 2025... No better time than now to own land close to an up-and-coming business. Great visibility and heavy traffic with over 10,000 travelers, truckers, & locals passing by daily on Rabun Rd alone. The property is also 2 MILES FROM I-65 with 20,883 vehicles traveling this stretch of the interstate per day. This also provides an easy commute if you're coming from another part of town. Plenty of paved road frontage with 345 ft of access on Rabun Rd/Hwy 287 and Ransom Stewart Ln. This corner location with no zoning gives you plenty of options for future development, whether you want to put up an office building or even build a restaurant! Located within both an Opportunity Zone and an SBA HUBZone, this property offers attractive tax incentives and federal contracting advantages. These designations can support businesses in lowering operational costs and boosting long-term investment returns. All these factors combined make this vacant lot an amazing opportunity for investors looking for a solid return. Baldwin County is home to 4 of Alabama's top 10 fastest growing cities. The property was previously a service station so there are 4 underground tanks...2 small and 2 larger tanks. The seller has obtained a quote to remove (negotiable with an offer on removal). Buyer to verify all information during due diligence.
Listing Agent
PHD Realty, LLC Brokerage Email: patty@phdrealty.com Listed on: 02/17/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $207
Year Built
- 1965
Lot Details
- 0.74 Acre Lot
- Lot Dimensions are 222 x 123 x 217 x 175
- Property fronts a county road
- Corner Lot
- Level Lot
- Zoning described as Not Zoned,Outside Corp Limits
Schools
- Bay Minette Elementary School
- Bay Minette Middle School
- Baldwin County High School
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 051808270000005.001
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $207 | $6,900 | $6,900 | $0 |
| 2023 | $166 | $5,540 | $5,540 | $0 |
| 2022 | $0 | $4,620 | $0 | $0 |
| 2021 | $16 | $4,620 | $0 | $0 |
| 2020 | $16 | $4,040 | $0 | $0 |
| 2019 | $0 | $2,660 | $0 | $0 |
| 2018 | $0 | $2,460 | $0 | $0 |
| 2017 | $0 | $2,240 | $0 | $0 |
| 2016 | $0 | $2,240 | $0 | $0 |
| 2015 | -- | $2,240 | $0 | $0 |
| 2014 | -- | $2,520 | $0 | $0 |
| 2013 | -- | $2,520 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Price Changed | $500,000 | 0.0% | -- |
| 02/19/2025 02/19/25 | Price Changed | $500,000 | -37.5% | -- |
| 02/17/2025 02/17/25 | For Sale | $800,000 | 0.0% | -- |
| 09/21/2023 09/21/23 | For Sale | $800,000 | -- | -- |
Source: Baldwin REALTORS®
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $124,697 | Unknown |
Source: Public Records
Similar Property in Bay Minette, AL
Source: Baldwin REALTORS®
MLS Number: 374330
APN: 18-08-27-0-000-005.001
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