Catylist ID:
#30826532
| Catylist Listing ID: | 30826532 |
| Property Subtypes: | Duplex/Fourplex, Low-Rise/Garden, Mixed Use, Senior Living, Other |
| Building Status: | Under Construction |
| Number of Units: | 137 Units |
| Building Size (RSF): | 17,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 44.33 Acres |
| Sale Price: | $4,400,000 |
| Unit Price: | $32,116.79 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Building Name: | Meadows Subdivision |
| Usable Size (USF): | 94,888 SF |
| Sale Terms: | Cash to Seller, Sale/Leaseback, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/15/2023 |
Overview / Comments
|
Prime 44.23+ acre development site available in the heart of Foley, Alabama. Owner says let’s talk. Cost sales construction district, down as low as 1%. Qualifies for new market tax credits. Possibile Incentives for Ball park extended stays. The site is centrally located in the rapidly growing Foley MSA and is the ideal location for a residential multi-family mixed use apartment development. Adjancent to the 210 million dollar develope OWA.. Amusement park! Gaming surely coming to this area. Foley Beach Express serves as a major arterial in the Baldwin County market. The property is located on Highway 20 and consists of 11 parcels zoned PUD. The current zoning allows for a variety of residential and multifamily uses. The density allowed varies on the proposed use and site plan approval through the county. Several conceptual site plan options which allow for up to 143 lots. With the strong tourism market, low state taxes, highly-rated Baldwin County School systems, and beautiful beaches, Foley has become a highly sought after community to reside and popular tourist destination. exsisting utilities valued between $1mill- $1.5 mill. 2nd address for the site is 22313 CR 20 Foley Al. THE PUD IS FOR MULTI-USE, HOMES, APARTMENTS, ETC NO, LOW INCOME HOUSING Contact: MIRIAM REDDON AT THE FOLEY ZONING & PLANNING IS THE BEST SOURCE Contact : Renee Beasley Today.. HERRINGTON REALTY INC. |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Tax ID/APN: | 05-61-01-02-0-000-003.006 |
| Zoning: | PUD ZONED |
| Property Located Between: | Foley & Orange Beach Al |
| Highway Access: | Foley Beach Express (BBE) |
| Airports: | Jack Edwards Field |
| Zoning Description: | The property consists of Aprroximately 44.33 acres of land. Legally defined as eleven (11) parcels as depicted on B) The parcel ID numbers are as follows: 208150 043982 201450 012114 208151 208149 208148 208147 208146 208145 C) Property is zoned Planned Unit Development |
| Part of Planned Development?: | Yes |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,218 | 12,813 | 28,608 |
| Median Age: | 52.05 | 39.09 | 40.41 |
| Households: | 957 | 5,310 | 12,033 |
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