Catylist ID:
#30641360
| Catylist Listing ID: | 30641360 |
| Property Subtypes: | Multi-Family, Office, Residential (Single Family), Retail |
| Gross Land Area: | 0.48 Acres |
| Sale Price: | $300,000 |
| Unit Price: | $625,000 Per Acre |
| In Opportunity Zone? | Yes |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/23/2024 |
Overview / Comments
|
• Site Size: 0.48± AC • 3 Contiguous Lots • Level Topography • Opportunity to Subdivide • 150’ Frontage on Myrtle Ave W • Mixed-Use Overlay District • 150’ x 140’ Plot • Adjacent to New Downtown Shops & Restaurants! • Perfect for Multi-Family, Retail or Residential Development • Excellent Visibility |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Tax ID/APN: | 05-54-09-29-4-000-064.000 |
| Zoning: | B-1, R-1B |
| Property Located Between: | S Pine St and N Alston St |
| Property Visibility: | Excellent |
| Largest Nearby Street: | W Myrtle Ave |
| Feet of Frontage: | 150 |
| Traffic/Vehicle Count: | 9,000 |
| Highway Access: | Hwy 98 |
| Airports: | Mobile Regional Airport, Mobile Aeroplex at Brookley, Pensacola International Airport, Louis Armstrong New Orleans International Airport |
| Site Description: | Opportunity to combine or subdivide: Parcel A measures 0.16AC, $150k Parcel B measures 0.32AC, $250k Both Parcels measure 0.48AC, $300k |
| Area Description: | Foley created a mixed-use overlay district to foster the development of a walking city mixed with retail, business and residential. This beautiful triple-lot parcel is conveniently situated in the downtown CBD of Foley, Alabama - found in the fastest growing county in the state, Baldwin County! In walking distance to all the amenities of downtown Foley, this naturally-gorgeous property is perfect for a comfy restaurant or homey office building. With opportunity to subdivide, this land can be separated into three 50’ x 140’ pieces. Sale for single western lot for $150,000 or all 3 contiguous lots for $300,000. Be a part of the revitalization of Downtown Foley! OWA has announced plans for a 16-acre amusement park expansion, 170-slot RV park and an indoor/outdoor waterpark. The OWA complex is comprised of 520 acres and an estimated $500 million investment in the city of Foley. The Foley Sports Complex was completed in 2009 and continues to attract young people who participate in sporting events throughout the year. Additionally, Foley has been selected to receive a new elementary school to house the exploding growth in the community. |
| Lot Frontage: | 150 |
| Lot Depth: | 140 |
| Zoning Description: | Mixed-Use Overlay |
| Topography: | Level |
| Available Utilities: | Electric, Water, Sewer, Cable, Internet Access |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,323 | 15,850 | 20,555 |
| Median Age: | 34.81 | 40.87 | 40.52 |
| Households: | 534 | 6,549 | 8,316 |
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