COMMERCIAL DEVELOPMENT SITE - FOLEY
Vacant Land
for Sale
| Catylist Listing ID: |
30457926 |
| Property Subtypes: |
Hospitality, Multi-Family, Retail, Retail-Pad
|
| Gross Land Area: |
2 - 8 Acres
|
| Sale Price: |
$696,960 - 2,787,840 |
| In Opportunity Zone? |
Yes |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/11/2019 |
Overview / Comments
Prime development site along the high-growth corridor in Foley, Alabama. Located on the North side of CR 20 (aka Miflin Rd), the 8 acre +/- parcel is positioned between US Hwy 59 and the Foley Beach Express. Surrounding developments consist of OWA, a 500+ acre entertainment venue, Tanger Outlet Mall, City of Foley Sports Complex, Coastal Alabama Farmers & Fishermans Market, new multi-family development, and multiple commercial projects.
National retailers and restaurants within the immediate market area include The Home Depot, Lowe’s, Chick-fil-A, Krispy Kreme, Whataburger, Office Depot, Hobby Lobby, Walbugers, H&M, Starbucks, and Moe’s Original Bar B Que.
The 8-acre parcel consists of 4, 2-acre lots, with combined frontage of approximately 592’. All or part is available for sale / 2-acre minimum.
The property is located in an OPPORTUNITY ZONE.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Taxing Authority: |
Baldwin County |
| Tax ID/APN: |
37364, 277327, 277326 |
| Zoning: |
B-1A / CITY OF FOLEY |
| Property Located Between: |
The Home Depot (US Hwy 59) and OWA (Foley Beach Express) |
| Property Visibility: |
Excellent |
| Legal Description: |
Lots 1A, 1B, 1C & 1D / Juniper Park Subdivision |
| Largest Nearby Street: |
CR 20 |
| Feet of Frontage: |
592 |
| Highway Access: |
Direct access from CR 20 |
| Lot Frontage: |
592 |
| Lot Depth: |
586 |
| Zoning Description: |
Commercial zoning / B-1A / City of Foley |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
15,110 |
29,686 |
| Median Age: |
38.65 |
40.03 |
| Households: |
6,211 |
12,346 |
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