$500,000
$300K PRICE DROP

48980 Rabun Rd Bay Minette, AL 36507

Estimated payment $2,778/month

Total Views 16,321
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

Patty Helton Davis

PHD Real Estate, LLC Brokerage Email: patty@PHDRealty.com Listed on: 09/20/2023

Co-Listing Agent

Brett (Chapman) Helton

PHD Real Estate, LLC Brokerage Email: patty@PHDRealty.com

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $207

Lot Details

  • 0.74 Acre Lot
  • Property fronts a county road
  • Corner Lot
  • Cleared Lot

Schools

  • Local School In County Elementary And Middle School
  • Local School In County High School

Utilities

  • Natural Gas Connected
  • Gas Available
  • Water Tap or Transfer Fee

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

  • Parcel Number: 051808270000005.001
  • Property Type: Land
  • Topography: High/Dry,Level
  • Property Sub Type: Land/Acreage
  • Horses: No
  • Lot Size Acres: 0.74
  • Lot Size: 222x123x217x175
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: PHD001
  • Co List Office Phone: 251-368-1063
  • Subdivision Name: None
  • Directions: From Atmore, AL: Go north on N Main St (AL-21). Go for 0.3 mi. Then Turn left onto W Howard St (CR-1). Go for 0.2 mi. Then continue on Jack Springs Rd (CR-1) at the fork. Go for 4.6 mi. Then take left ramp onto I-65 S toward Moblie. Go for 15.5 mi. Then 15.52 Take exit 37 toward AL-287/Gulf Shores Parkway/Bay Minette/Rabun. Go for 0.3 mi. Then turn left onto Rabun Rd (AL-287 S). Go for 1.5 mi. Then turn left on Ransom Stewart Ln. Property is on the corner of Ransom Stewart Ln & Rabun Rd (AL-287)
  • Attribution Contact: patty@PHDRealty.com
  • Special Features: None

Exterior Features

  • Lot Features: Corner Lot, Cleared
  • Waterfront Features: No Waterfront, No Waterfront Features
  • Waterfront: No

Utilities

  • Sewer: None
  • Electricity On Property: Yes
  • Utilities: Natural Gas Connected, Electricity Connected, Gas, Phone Connected
  • Water Source: Public, Tap Fee Due

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Local School In County
  • High School: Local School In County
  • Middle Or Junior School: LOCAL SCHOOL IN COUNTY

Lot Info

  • Current Use: Commercial, Mobile Home, Other, See Remarks
  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 32234.4
  • Zoning Description: Business,Commercial,County,Mobile Homes,Res Multi,Unrestricted

Map

Range of Values:

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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 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: Pensacola Association of REALTORS®

Mortgage History

Date Status Loan Amount Loan Type
Closed $124,697 Unknown
Source: Public Records

Source: Pensacola Association of REALTORS®

MLS Number: 633730

Pensacola Association of REALTORS®

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