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2350 Demetropolis Rd

12.5 Acres of Commercial Land Offered at $1,037,500 in Mobile, AL 36693

Executive Summary

New Price on Multi-family land located on busy Demetropolis Rd. just south
of Cottage Hill rd. Surrounded by single family subdivisions in one of the
fastest growing areas of Mobile. R3 Zoning allows for appr. 12 units/ac.
Good location and demographics for high rents.
This property includes 3 parcels: Key #s: 3131408, 1511689, and 3131391

Property Facts

Price $1,037,500
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 12.50 AC

1 Lot Available

Lot

Price $1,037,500
Price Per AC $83,000
Lot Size 12.50 AC

Description

12.5 acres zoned R3 for Multi-Family in one of the fastest growing areas of Mobile. Appr. 12 units/ acre allowed on parcel. Appr. 1200 feet of frontage on Demetropolis Rd. X 978' IRR.

zoning

Zoning Code R3 (12 Units/acre)
R3 (12 Units/acre)
  • Listing ID: 18436660

  • Date on Market: 2/6/2020

  • Last Updated:

  • Address: 2350 Demetropolis Rd, Mobile, AL 36693

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