$500,000
$300K PRICE DROP

48980 Rabun Rd Bay Minette, AL 36507

Estimated payment $2,644/month

Total Views 14,063
0.74 Acre
$675,676 Price per Acre
32,234 Sq Ft Lot

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

Patty Helton Davis

PHD Realty, LLC Brokerage Email: patty@phdrealty.com Listed on: 02/17/2025

Co-Listing Agent

Brett (Chapman) Helton

PHD Realty, LLC Brokerage Email: patty@phdrealty.com

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

Property Details

Property Type

Land

Est. Annual Taxes

$207

Lot Details

0

Listing Details

  • Property Type: Land
  • View: None/Not Applicable
  • Parcel Number: 051808270000005.001
  • Property Sub-Type: Unimproved Land
  • ResoCommunityFeatures: None
  • ResoLotFeatures: Lot, Less than 1 acre, Corner Lot, Level, See Remarks
  • Lot Size Acres: 0.74
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Co List Office Phone: 251-368-1063
  • Attribution Contact: patty@phdrealty.com
  • Co List Office Phone: 251-368-1063
  • Ownership: Whole/Full
  • MLS Status: Active
  • BK20_LFD_BoatFacilities_70: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial, Mobile Home, Multi-Family, Not Specified, Single Family

Exterior Features

  • Waterfront: No
  • View: No
  • Waterfront Features: No Waterfront

Utilities

  • Utilities: See Remarks, Water Available

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Bay Minette Middle

Lot Info

  • Lot Dimensions: 222 x 123 x 217 x 175
  • Lot Size Sq Ft: 32234.4
  • ResoLotSizeUnits: Square Feet
  • Zoning Description: Not Zoned,Outside Corp Limits

Tax Info

  • Tax Annual Amount: 207

MLS Schools

  • Elementary School: Bay Minette Elementary
  • HighSchool: Baldwin County High

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 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 -- --
Source: Baldwin REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $31,000 None Listed On Document
Source: Public Records

Source: Baldwin REALTORS®

MLS Number: 374330

Baldwin REALTORS®

APN: 18-08-27-0-000-005.001