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Amy Cuny

amy@amycuny.com +1(251) 709-4331

Listed by Austin Hynson • Coastal Real Estate and Invest

$ 2,995,000

Est. payment -/mo

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212 Michigan AVE E Foley, AL 36535

17.8 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Metes & Bounds

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

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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

Amy Cuny

Broker Associate License ID: 104095073

+1(251) 709-4331

Amy Cuny

212 Michigan AVE E Foley, AL 36535

Key Details

Location

Exterior

Building

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212 Michigan AVE E