48980 Rabun Rd Bay Minette, AL 36507
Estimated payment $2,644/month
About This Lot
Bay Minette, AL - NEW PRICE UNZONED CORNER LOT! Located on busy 4-lane Hwy 287/Rabun Rd, this 0.74-acre parcel of commercial development land lies in a fast-growing Baldwin County corridor that checks all the boxes for smart site selection. Strong demographics, high visibility & steady traffic flow give it all the makings of a solid investment opportunity! Less than a mile from the $4.1B Novelis Plant at the South Alabama Mega Site & new 116-site RV park—plus within 20 mins of Baldwin Prep Academy—this location is surrounded by rapid commercial growth. Bay Minette’s business landscape is also expanding with projects such as a Hilton-branded hotel & 2 restaurants, the upcoming “31 Commons” retail center along U.S. 31, Big Mike’s Steakhouse & Cobblestone Hotel downtown & a 413+/- acre PUD with Residential & Commercial space proposed—all fueling future demand. No better time than now to own land within 15 minutes of these new developments! With 10,000+ daily vehicles on Rabun Rd & 20,000+ on nearby I-65, this parcel offers exceptional traffic counts & exposure for any venture. Sitting just 2 mi from I-65 with 345± ft of paved frontage on Rabun Rd/Hwy 287 & Ransom Stewart Ln, there's effortless access for both customers & commuters. This corner mixed-use development parcel—free from zoning ordinances—opens the door for endless possibilities, from an office building to fast food or other commercial uses. Located within both an Opportunity Zone & an SBA HUBZone, this property offers attractive tax incentives & federal contracting advantages. These designations can support businesses in lowering operational costs & 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 with 4 underground tanks (2 small, 2 large); removal quote available & negotiable with offer..
Listing Agent
PHD Realty, LLC Brokerage Email: patty@phdrealty.com Listed on: 02/17/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $207
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
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $31,000 | None Listed On Document |
Source: Baldwin REALTORS®
MLS Number: 374330
APN: 18-08-27-0-000-005.001
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