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Vacant Land for Sale
Catylist Listing ID: 30713243
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 4.86 Acres
Sale Price: $449,000
Unit Price: $92,386 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 4/8/2021

Overview / Comments

Unzoned and located in an Opportunity Zone! This 4.86-acre parcel has 301’ of frontage on Hwy 59 in North Foley. With the property being unzoned and located outside of the city limits, the land uses are essentially limitless (commercial, industrial, apartments, multi-family, RV park, mobile home park, etc). Take advantage of the Opportunity Zone’s enormous tax advantages by developing a rental asset. This property can also be purchased with an adjoining three parcels to create a 9.53-acre tract with 721’ of contiguous frontage on Hwy 59. In addition, another two parcels located just to the North are available for purchase and total 10.59 acres with 509’ of contiguous frontage on Hwy 59. Seller will consider owner financing.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-03-08-0-000-015.000
Legal Description: 300.5 X 706 FM SE COR OF NW1 4 OF NW1 4 OF SEC 8 RUN W 371 TH SE 395.6 TO POB TH W 250 TH SE 300.5 TH E 706 T H NW 300.5 TH W 456 TO POB SEC 8-T7S-R4E (WD)
Largest Nearby Street: Highway 59
Lot Frontage: 301'
Lot Depth: 706'
Zoning Description: Unzoned and located outside of the city limits.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,316 16,727
Median Age: 45.88 40.27
Households: 2,219 6,616

Contact

Photograph of Listing Agent

Patrick Daily

Re/Max of Orange Beach Gulf Coast CMLS Member
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