LOT SIZE 17.800 acres
MLS#411124
STATUSActive
PROPERTY TYPELand - Commercial
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. Buyer to verify all information during due diligence.
Property Features
Property Type: Land - Commercial
Lot Size: 17.80 Acres
Property Type: Zoned
Taxes: $6,436
Feature Descriptions
Community Features: None
Days on Site: 1
Lot Dimensions: 17.80 acre(s)
Possible Use: Commercial, Multi-Family
Utilities: Riviera Utilities
Local Schools
High School: Foley High
Middle School: Foley Middle
Elementary School: Foley Elementary
Listed By / Shown By
Listed By
Agency Name: Coastal Real Estate
Agency Phone: 251-604-0327
Shown By
Agency Title: Bellator Real Estate
Agency Phone: 251.928.0031
Estimate Your Payment
Estimated Payment
$ 15,775.11 per month $14,365.23 Principal & Interest $536.33 Property Tax $873.54 Homeowner's InsuranceChange Payment Information
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212 E Michigan Ave | MLS# 411124
This land located at 212 E Michigan Ave, Foley, AL 36535 is currently listed for sale with an asking price of $2,995,000. The property has approximately 17.80 Acres. Search Foley real estate on www.gobellator.com today.