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90 Hendrix St - NEW PRICE: 43.3-Acs, Immediate Income
43.3 Acres of Commercial Land Offered at $277,318 CAD in Frisco City, AL 36445
Investment Highlights
- IMMEDIATE ANNUAL INCOME
- ESSENTIAL UTILITIES AVAILABLE
- NEARLY 4000 FT OF ROAD FRONTAGE
- MOBILE HOMES, APARTMENTS ALLOWED (contact local zoning authority)
Executive Summary
Located within the city limits is this unique opportunity to purchase a versatile 43.3-acre property with 38 acres currently leased as farmland at $100.00 per acre until the end of the year. Offering a lot of potential, whether you’re looking to expand agricultural operations, develop residential housing, or explore business ventures.
Key Features include:
-Substantial road frontage, including 2176 feet of paved frontage on Hendrix Street, 977 feet of paved frontage on Wildfork Road, and 794 feet of frontage on Ryder Ln..
-Utilities and Infrastructure: All essential utilities are available (with a connection fee required), including city water, garbage services, gas, electricity, and internet access. These amenities ensure that the property is well-equipped for various development possibilities.
-Versatile Usage: This property allows agricultural operations, business developments, single-family homes, and multi-family homes (such as apartments), and mobile homes. This flexibility makes the property suitable for a wide array of potential projects.
Situated in the heart of Frisco City, this property offers excellent access and visibility, with significant road frontage on three major streets. The existing farmland lease provides immediate income potential, while being unzoned allows the door for diverse development opportunities. Whether you're an investor, developer, farmer, or just looking for a place to build your custom home, this is a rare opportunity in Frisco City. Don’t miss out on this unique chance to secure the best investment - Land! Please do not walk on the crops and NEVER drive on crops.. Please note that mineral rights do not convey.
Property Facts
1 Lot Available
Lot
| Price | $277,318 CAD | Lot Size | 43.30 AC |
| Price Per AC | $6,405 CAD |
| Price | $277,318 CAD |
| Price Per AC | $6,405 CAD |
| Lot Size | 43.30 AC |
Triple Rd Frontage (3947 ft total): City, paved, dirt. High/Dry, Level, Cleared Farmland. Utilities available, tap fee due: water, electricity, gas, internet, telephone. No mineral rights. Lot size: 2176x794x2102x977.
Description
Frisco City, located in Monroe County, Alabama, presents a compelling opportunity for investors, developers, farmers, or retail entrepreneurs. With a population of approximately 1,170 residents as of the 2020 census, the town offers a close-knit community atmosphere conducive to various development projects. [1] Economic Growth and Development Recent economic initiatives have significantly enhanced Frisco City's appeal. In April 2024, Monroe County welcomed three new projects, collectively bringing up to 30 jobs and over $7 million in investments. The projects are Sterling Packaging Co. (prints food and beverage containers and ships them), Farm Fresh Cattle (a new cattle processing facility), and Owens Lumber Co. (pole mill with kiln under construction).[2] These ventures underscore the region's commitment to economic expansion and diversification. Additionally, in November 2024, Governor Kay Ivey announced $17 million in funding for infrastructure improvements across 41 Alabama communities, including those in Monroe County. Such investments are poised to enhance the quality of life and support future development in Frisco City. [3] Strategic Location and Infrastructure Frisco City's strategic location offers immediate access to major transportation routes, including U.S. Highway 84 and State Highways 21, 41, and 47. Proximity to Interstate 65 and the Port of Mobile facilitates efficient distribution and logistics, benefiting businesses requiring robust transportation networks. [4] Diverse Economic Opportunities The town's zoning regulations accommodate a variety of uses, from agricultural operations to single and multi-family residential developments. This flexibility allows investors and developers to pursue projects aligned with market demands. The availability of essential utilities, including city water, gas, electricity, and internet, further supports diverse development initiatives. Community and Workforce Frisco City's demographic composition, with a median age of 43.6 years, reflects a mature and experienced workforce. The town's educational attainment levels, with 88% of residents holding a high school diploma or higher, provide a solid foundation for businesses seeking skilled labor. [5] Frisco City combines strategic location, supportive infrastructure, and a commitment to economic development, making it an attractive destination for investors, developers, farmers, and retailers. The town's support for a proactive approach to growth and its welcoming community environment offer a promising landscape for a wide range of ventures. 1. https://en.wikipedia.org/wiki/Frisco_City%2C_Alabama 2. https://www.madeinalabama.com/2024/04/rural-monroe-county-getting-economic-boost-from-3-growth-projects/ 3. https://adeca.alabama.gov/2024/11/08/gov-ivey-awards-17-million-for-community-improvement-projects/ 4. https://mmceda.com/ 5. https://censusreporter.org/profiles/16000US0128312-frisco-city-al/?utm_source=chatgpt.com LoopNet ID: 34226768
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90 Hendrix St - NEW PRICE: 43.3-Acs, Immediate Income
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