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$ 2,995,000
Est. payment /mo
New
212 E Michigan Ave Foley, AL 36535
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Zoned
Listing Status Active
Purchase Type For Sale
MLS Listing ID 411124
HOA Y/N No
Property Sub-Type Zoned
Source Baldwin County
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.
Location
State AL
County Baldwin
Interior
Fireplace No
Exterior
Community Features None
Utilities Available Riviera Utilities
Waterfront Description No Waterfront
Schools
Elementary Schools Foley Elementary
Middle Schools Foley Middle
High Schools Foley High
Others
Special Listing Condition Land Contract
Listed by Coastal Real Estate