111 ACRES WATERFRONT-FOLEY BEACH EXPRESS

Vacant Land for Sale
Catylist Listing ID: 30275693
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 111 Acres
Sale Price: $4,000,000
Unit Price: $36,036 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/23/2022

Overview / Comments

A new Sewer line is under construction along the east side of the Expressway.

This waterfront "Nature" parcel has over 1200 ft frontage on the Expressway less than a mile north of the Toll Bridge and there's a 30' ROW road that runs east-west along the north of the property that runs from Roscoe Rd east to almost Long Bayou and crosses the Expressway! That's why there's a median cut in the Expressway there. Long Bayou to the east is a very lovely and pristine body of water at the western end of Wolf Bay. A waterfront village like that of Sandestin could be constructed on the eastern part of this property and a high density residential "Nature" development could occupy the rest.
Most of the surrounding property is also available and well over 500 acres is possible to be assembled together.
This property has a road and a median cut in the Expressway which is important. Using this provides an access into land even beyond that across Long Bayou.
The magnificent OWA amusement park just a few miles to the north and The Wharf and beaches of Orange Beach to the south make this a great area for high density and tourism types of development. This area has the potential to develop similar to Orlando, Myrtle Beach or Sandestin areas.

A new very large boat ramp has been built on the Intracoastal Waterway by the County next to the Toll Bridge just south of this property.

Owner is the listing Realtor and will work with buyer in numerous ways on financing including Vendor Deed Liens, Low interest loan & possible participation.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 61-07-36-0-000-003.000 + PORTION OF 05-61-07-35-0-000-001.000
Property Located Between: Roscoe Rd and the Intracoastal waterway on the Expressway
Property Visibility: Excellent
Legal Description: On File - contact listing agent for more info.
Largest Nearby Street: Foley-Beach Expressway
Feet of Frontage: 1,267
Highway Access: Foley Beach Expressway in front
Airports: Gulf Shores International & Pensacola International
Site Description: Combination of hospitality, nature parks & green ways plus waterfront bayou "village" with condos & small boat access to Long Bayou & Wolf Bay is possible. Flat & sandy with Pines. Some roads have been built in to the property.
Area Description: Rapidly growing tourist & economic area similar to Myrtle Beach years ago or Sandestin in early days. Easy access from I-10 and soon from I-65 (will start building that leg soon)
Lot Frontage: about 1250' on the Expressway
Lot Depth: about 3800 ft back to Long Bayou.
Zoning Description: Orange Beach said they would give most any designation.
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,350 22,422
Median Age: 38.4 40.19
Households: 4,002 9,681

Contact

Photograph of Listing Agent

Warren Ted Brown

Real Estate Counselors, Inc. Gulf Coast CMLS Member
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