Custom Home Lot Portfolio
Mobile, AL 36619
Mobile County, Alabama
Land Description
RI Marketplace Online Auction Sept 10-12, 2024.
Register to bid on Marketplace.
Marcus & Millichap and Re/Max Partners are pleased to present four custom home lots (the “Property” or “Parcels”) in the exclusive Stone Mill subdivision 15 minutes southwest of downtown Mobile, Alabama. The Property offers an exceptional development opportunity in an exclusive community with numerous nearby amenities.
The Property consists of four parcels - Lots 22, 23, 28, & 31. The estate sized lots range in size from 0.39 acres to 0.86 acres. The community is located just off Hillcrest Road South with easy access to Interstate 10, shopping, schools, and restaurants. Stone Mill features underground utilities, sidewalks, curbs, and a distinctive brick entrance, with no cut-through streets enhancing privacy and security. Covenants and Restrictions ensure all homes are a minimum of 2,800 square feet, with similar roof pitches and complementary exteriors to the existing luxury residences. Within a 3-mile radius, you'll find major retailers such as Lowe's, Walgreens, Planet Fitness, and Walmart.
Located approximately 13 miles southwest of downtown Mobile and just 2.5 miles from the I-10 and Al-193 Interchange, the Property boasts excellent real estate fundamentals. The area is characterized by compelling demographics, with a 2023 population of approximately 107,519 people and an average annual household income of approximately within a 5-mile radius. The region has experienced significant growth, with a population increase of approximately 4.11% from 2010-2023, and is projected to continue expanding by approximately 1.0% from 2023-2028 within a 10-mile radius. This is a unique opportunity to develop in a thriving, high-demand area with strong growth prospects.
John Mickey Fowler
c/o Fisher Auction Company Inc.
License: Alsl466
