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Listed by Austin Hynson • Coastal Real Estate and Invest
$2,995,000
Est. payment /mo
17.8 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7844049
Annual Tax Amount $6,436
Tax Year 6436
Lot Size 17.800 Acres
Property Sub-Type Unimproved Land
Property Description
This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city's new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study – significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned “in the heart of Foley,” this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Sellers are Licensed Real Estate Agents in Alabama. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin - Al
Zoning R3
Direction Take 59 S as you enter Foley, turn left onto Michigan Ave and property will be on the right just past Gelato Joe's restaurant.
Exterior
Fence None
Community Features None
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description None
View Y/N true
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Building
Lot Description Level
Schools
Elementary Schools Foley
Middle Schools Foley
High Schools Foley
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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