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3321 Mckenzie Street - Juniper Street Apartments 21.54 Acres of Residential Land Offered at $4,495,000 in Foley, AL 36535

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EXECUTIVE SUMMARY

Selling land with entitlements. No site work to be done. Survey, Geotech, Traffic study, wetland reports, site plan, zoning approval all on file.

PROPERTY FACTS

Price	$4,495,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Apartment Units Planned Unit Development
No. Lots	1	Total Lot Size	21.54 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	PUD - Planned Unit Development

Price	$4,495,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units Planned Unit Development
Total Lot Size	21.54 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	PUD - Planned Unit Development

1 LOT AVAILABLE

Lot

Price	$4,495,000	Lot Size	21.54 AC
Price Per AC	$208,681.52

Price	$4,495,000
Price Per AC	$208,681.52
Lot Size	21.54 AC

Flat 21.54 acre parcel with new street bordering it to the South side. Located between multiple busy roads with easy access from either direction.

DESCRIPTION

Juniper Street Apartments Located in Foley, AL 36535 Situated in the vibrant city of Foley, Alabama, **Juniper Street Apartments** offer an exciting investment opportunity. Approved for 400 multi-family apartment units by the City of Foley, this property boasts a strategic location near major highways such as Highway 59, Highway 98, and the Foley Beach Express; providing convenience for residents and visitors alike. The proposed site plan includes almost 10 acres of open space, enhancing the living environment for tenants. Surrounding amenities include the popular Tanger Outlets shopping center, OWA theme park, diverse dining options, and proximity to Gulf Coast beaches like Gulf Shores and Orange Beach. Investors can capitalize on the dynamic growth in Foley, highlighted by annual events like the Gulf Coast Hot Air Balloon Festival. Located in Foley's southside near large retail stores and entertainment venues, **Juniper Street Apartments** offer a promising venture to tap into this thriving market. *Adjacent 28.94 Acres also available with approval for 192 Townhomes.

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