Bay Minette, AL- This 1 Acre commercial property for sale is a true gem strategically positioned at the heart of innovation & growth. Next door to South Alabama Mega site where the new Novelis Low-Carbon, $2.5 Billion Aluminum Recycling Plant is under construction, to be completed in 2025. A red light was just installed for egress/ingress into the plant. I-65 is 1 mi from this promising intersection. This location for the Atlanta-based Novelis is the first of its kind & first fully integrated, U.S. mill built in 40 yrs; set up to create over 1000 jobs. The South Alabama Mega site is a 3,000-acre certified site that offers businesses the opportunity to benefit from the excellent transportation links & shovel-ready industrial sites. This property is an irresistible prospect for investors! With nearly 10,000 AADT on Rabun Road/Hwy 287 & over 20,414 vehicles traversing daily along the interstate, enjoy heavy traffic & visibility for any venture. The potential is endless with no city or county zoning! Great location for a service station, fast food chain, multi-family complex, hotel, retail center, self-storage facility, RV Park you name it! With construction well underway, the value of this location is set to surge as the plant becomes operational, attracting businesses & creating an influx of opportunities. Other outstanding features of this property are its Interstate Connectivity to I-65 & I-10 & its inclusion within an Opportunity Zone, an investment haven that offers substantial tax incentives! Extraordinary chance to capitalize on the booming economy of the 7th fastest-growing Metro Area in the U.S. & the 2nd fastest growing county in the state. The property includes a single-family & manufactured home presently offering temporary office space or light storage. With Downtown Bay Minette just 6 mi away, Mobile AL within 35 mi & the Gulf of Mexico 58 mi away, this location offers a perfect balance between industrial/commercial accessibility and lifestyle amenities.
Property Details
Property Features
Listing Office:
Office Name: PHD Realty, LLC
Office Email: patty@phdrealty.com
Listing Agent: Patty Helton Davis
Exterior Features
Exterior Information:
View: Other
Lot Features
Lot Information:
Lot: Level, Rolling/Hilly, Few Trees, See Remarks
Lot Size: 1.00 Acres
School Info
Assigned Schools Information:
Baldwin County High School, Public District Grades 9-12
Bay Minette Middle School, Public District Grades 7-8
Bay Minette Elementary School, Public District Grades PK-3
Other
Directions Information:
Directions: From Atmore, AL: Head north on Main St/AL-21. Go for 0.4 mi. Then turn left onto W Howard St. Keep right crossing over the railroad tracks to get on Jack Springs Rd. Continue on Jack Springs Rd/CR-1. Go for 4.6 mi. Then take left ramp onto I-65 S toward Moblie. Go for 15.5 mi. Then take exit 37 toward AL-287/Bay Minette/Rabun/Hospital. Go for 0.3 mi. Then turn left onto Rabun Rd/AL-287 S. Go for 1.2 mi. Then turn left crossing Rabun Rd to property driveway.
Price Information
Listing Price Info
Price Summary:
List Price: $1,200,000
Tax Information:
Annual Amount: $108
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Bay Minette, AL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Bay Minette Elementary School
800 Blackburn Ave
Distance between this listing and this school3.97 miles
Public District Grades PK-3
Middle School
4
/10
Bay Minette Middle School
1311 W 13th St
Distance between this listing and this school3.94 miles
Public District Grades 7-8
High School
2
/10
Baldwin County High School
1 Tiger Dr
Distance between this listing and this school4.24 miles
Public District Grades 9-12
Assigned Schools
5
/10
Bay Minette Elementary School
800 Blackburn Ave
Distance between this listing and this school3.97 miles
Public District Grades PK-3
Nearby Schools
3
/10
Pine Grove Elementary School
43980 Pine Grove Rd
Distance between this listing and this school5.79 miles
Public District Grades PK-6
6
/10
Delta Elementary School
10251 Whitehouse Fork Road Ext
Distance between this listing and this school12.10 miles
Public District Grades PK-6
Assigned Schools
4
/10
Bay Minette Middle School
1311 W 13th St
Distance between this listing and this school3.94 miles
Public District Grades 7-8
Nearby Schools
7
/10
Perdido Elementary School
23589 County Road 47
Distance between this listing and this school9.18 miles
Public District Grades PK-8
3
/10
Escambia County Middle School
1565 Highway 21
Distance between this listing and this school16.39 miles
Public District Grades 5-8
Assigned Schools
2
/10
Baldwin County High School
1 Tiger Dr
Distance between this listing and this school4.24 miles
Public District Grades 9-12
Nearby Schools
2
/10
Escambia County High School
1215 S Presley St
Distance between this listing and this school16.74 miles
Public District Grades 9-12
8
/10
Spanish Fort High School
1 Plaza De Toros
Distance between this listing and this school18.77 miles
The neighbors living near this home have an average income of $39,780. Residents of Bay Minette, AL typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 49640 Rabun Rd
What is the listing price of this property?
The listing price of 49640 Rabun Rd property is $1,200,000.
What type of property is this?
The property 49640 Rabun Rd is land located in Bay Minette, Alabama, 36507.
Is this property for sale now?
Active Listing: 49640 Rabun Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 49640 Rabun Rd are: Bay Minette Elementary School: GreatSchools Rating 5/10Bay Minette Middle School: GreatSchools Rating 4/10Baldwin County High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $108 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 49640 Rabun Rd in Bay Minette, AL and zip code 36507. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since August 22, 2023 and is currently priced at $1,200,000.
In April 2024 more than 2 listings in Bay Minette, AL were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 5 were sold below. The inventory of homes for sale in Bay Minette, AL between March 2024 and April 2024 increased by 22.4%.
From Rocket Homes Real Estate and based on county public records data.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Monster Trucks
Monster Trucks
NASCAR
Hunting
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Chevrolet
GMC
Ram
Country
New Country