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The PSF Blog

The Per Square Foot Blog serves as your guide to commercial real estate along the Gulf Coast, powered by NAI Mobile, your local experts in CRE.

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GIANT Land Sale Next to Mega Site

Bay Minette, Ala., June 20, 2019 – A large tract of undeveloped, timberland approximately 1,945 acres in size recently sold to out-of-state investors for $3,889,760.00 as part of a 1031 exchange. The property is located in the Opportunity Zone at the southeast quadrant of AL-59 and I-65 with approximately 2.7 miles of frontage along I-65 and adjacent to the South Alabama Mega Site, according to Brandon Broadus & Pete Riehm of NAI Mobile who handled the transaction.

Large Land Sale in West Mobile to DR Horton

Mobile, Ala., June 13, 2019 – Alabama Pecan Development sold 58.9 acres off Repoll Road and Airport Blvd in West Mobile for $1,089,650 to DR Horton for a single family-residential subdivision. Alabama Pecan Development has an additional 2,500 +/- acres available for purchase, according to Allan Cameron, SIOR, of NAI Mobile who represents the sellers.

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