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19657464
19657465

50924 Rabun Rd, Bay Minette, AL 36507 For Sale

AC
AL 000079317-0
Marcus & Millichap - Mobile
Listed by Marcus & Millichap - Mobile
$4,200,000
703 days on market
Updated 11 days ago

56 Acres on I-65

Details
Property Type Land
Sub Type Commercial
Acreage 56.000
Zoning General Business (B-2)
Ownership Fee Simple

Land | 56 acres

Marketing description

Marcus & Millichap is pleased to offer for sale the 56-Acre Development Site on I-65 located at 50924 Rabun Road in Bay Minette, Alabama. Positioned on the northeast quadrant of I-65 and 287, the development site is situated on 56 acres off Exit 37. The site benefits from over a half-mile of frontage along I-65, which averages 20,883 vehicles per day and 30 percent of this traffic is estimated to be heavy truck traffic (AADT 2023). Classified as a General Business District (B-2), the site’s available utilities include power through Baldwin EMC and water through North Baldwin Utilities. The development site is less than a mile from South Alabama Mega Site, a 3,000-acre certified industrial site that is soon to be occupied by Novelis. Novelis announced plans in 2022 to invest $2.5 billion into a new advanced aluminum rolling and recycling manufacturing facility at the Mega Site. The facility is anticipated to create about 1,000 jobs with an average annual salary of $65,000 for its employees.

Located in southern Alabama, Bay Minette serves as the county seat of Baldwin County, which ranks among the state’s top 5 counties for business growth, GDP growth, new building permits, and business investment. Additionally, Baldwin County has experienced a population growth of nearly 30 percent between 2012 and 2022. The city is strategically positioned near major highways, including Interstate 65 and U.S. Route 31, which provide easy access to other major cities in the Gulf Coast region such as Mobile and Pensacola. Bay Minette’s diverse economy features key industries such as manufacturing, education, healthcare, and agriculture. Major employers in the area include Quincy Compressor, Standard Furniture Manufacturing Company, and Baldwin County Public Schools. The city is also home to various parks and recreational facilities, such as the Bay Minette Municipal Pool, Kids Park, and the nearby Delta Woods and Waters Expo.

Investment highlights

• A 56-Acre Development Site in Northeast Quadrant of I-65 and Highway 287 Off Exit 37

• Half-Mile of Frontage on I-65 – Averages 20,883 VPD with 30% TADT

• Positioned One Mile from South Alabama Mega Site

• Baldwin County Ranked Top 5 in Alabama for Business Growth, GDP Growth, New Building Permits, and Business Investment

• Primary Exit to Alabama Gulf Coast Beaches

Listing Contacts

AC
AL 000079317-0
Marcus & Millichap - Mobile
Listed by Marcus & Millichap - Mobile

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