TheStradley Team - Jay Stradley | Jenny Anthony
LOT SIZE 17.800 acres
MLS#7844049
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONMetes Bounds
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.
Property Features
Property Type: Land - Residential
Lot Size: 17.80 Acres
Taxes: $6,436
Feature Descriptions
Community Features: None
Fencing: None
Lot: Level
Lot Dimensions: 630x1233
Possible Use: Commercial, Multi-Family
Special View Info: City
Topography: Level
Utilities: Electricity Available, Sewer Available, Water Available
Waterfront: None
Zoning: R3
Local Schools
High School: Foley
Middle School: Foley
Elementary School: Foley
Listed By / Shown By
Listed By
Agency Name: Coastal Real Estate and Invest
Agency Phone: 251-604-0327
Shown By
Agent Name: The Stradley Team - Jay Stradley | Jenny Anthony
Agent Phone:
Agency Title: Bellator Real Estate
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 Michigan Avenue E | MLS# 7844049
This land located at 212 Michigan Avenue E, 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 thestradleyteam.gobellator.com today.