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Investment Highlights

  • Prime Development Opportunity
  • Additional Commercial Parcels Available
  • Proposed 280 Units

Executive Summary

Development Site consisting of 24.76 acres with an additional 10 acres of commercial frontage available in Foley, Alabama. Foley, AL is located in Baldwin County, with access to Gulf Shores/Orange Beach Coastal area approximately 12 miles south. Great topography with letters from the City of Foley of water and sewer capacity. Foley, Alabama Planning and Zoning has recently completed a new zoning and development processes. The property is ready for submittal of a development plan.
The Broker has a great deal of due diligence material to assist with a quick decision on this site. CORE Real Estate in association with Scott Reid with ParaSell, Inc.

Property Facts

Price $2,800,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 34.76 AC
No. Stories 1
Zoning R3 - Multi-Family Site Zoned R3 & B-1A Commercial Sites Zoned B-1A & B-2.

1 Lot Available

Lot

Price $2,800,000
Price Per AC $80,552.36
Lot Size 34.76 AC

Price Reduction!! Development site consisting of 24.76 acres +/-with an additional 10 acres +/- of commercial frontage for development. Great site located in the City of Foley, Alabama just minutes from the Gulf Shores/Orange Beach, AL.

Description

The subject site is located on Highway 98 in Foley, Alabama. The area has experienced single family housing and increased rental units over the past few years. The property has over 24 acres of multi-family zoned property ready for development and an additional 10 acres of commercial highway frontage. This is a great property to build out over time or all at once in a great location near the gulf coast.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
55-07-25-0-000-043.000
Land Assessment
$4,680
Improvements Assessment
$6,820
Total Assessment
$11,500
  • Listing ID: 28430270

  • Date on Market: 5/8/2023

  • Last Updated:

  • Address: 12538 Bodenhamer Road, Foley, AL 36535

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