Catylist ID:
#30876855
| Catylist Listing ID: | 30876855 |
| Property Subtypes: | Multi-Family |
| Gross Land Area: | 19 Acres |
| Sale Price: | $4,614,000 |
| Unit Price: | $242,842 Per Acre |
| In Opportunity Zone? | Yes |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Sale Terms: | Cash to Seller, Purchase Money Mortgage, Sale/Leaseback |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/25/2024 |
Overview / Comments
|
OWA OWA OWA BIG WATER BIG PROPERTY - THIS IS THE PROPERTY EVERY OTHER PROPERTY WISHES IT WAS!! This is the absolute hottest corner in south Baldwin County! 19 +/- acres on the SW section of a 144 acre PUD located on the corner of FBE/CO Rd 20 directly across from OWA Complex. Currently zoned as a PUD allowing for mixed use, residential, Multi-Family, Hospitality and other commercial. You can find land anywhere but there are few “Real Locations!” then there is the “Location” second to none on this large parcel on the southbound side of the FBE. Are You Excited yet, You Should be! This 19 acre multi-family parcel (288 units +/-) must be sold in conjunction with a lot A (with same or second buyer) so that the ingress/egress road can be built. Seller will escrow funds at closing to construct the said road. Additionally, this parcel (and Lot A) will be subdivided from Lot 1A together with buyers application for prelim site approval. All measurements to be verified by buyer and/or Buyer’s Agent! ***See PDF documents Call Pj Howard at 251.259.7135 or Maribeth at 251.295.1613 for more details. |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Taxing Authority: | Baldwin County |
| Tax ID/APN: | 05-61-02-03-0-000-009.000 |
| Zoning: | PUD |
| Property Located Between: | HWY 59 AND the Foley Beach Express |
| Property Visibility: | Excellent |
| Legal Description: | PPIN# 012967 |
| Largest Nearby Street: | Foley Beach Express frontage to the east and Co Rd 20 to North. |
| Highway Access: | Frontage on CO RD 20 Frontage on Foley Beach Express |
| Airports: | Foley and Gulf Shores |
| Site Description: | Flat land |
| Area Description: | South East Corner of the Foley Beach Express and Co Rd 20. This corridor of the Foley Beach Express from I-10 to Gulf Shores, Fort Morgan, Orange Beach and Perdido Key is the direct limited delays of traffic lights and serves as a by-pass of Loxley, Robertsdale, Summerdale, Foley and thereby has become the primary access from I-10 to the beaches. |
| Zoning Description: | PUD |
| Part of Planned Development?: | Yes |
| Development Name: | Foley Crossroads Subdivision |
| Topography: | Level |
| Easements: | Utilities |
| Easements Description: | Utilities easements |
| Available Utilities: | Electric, Water, Sewer |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,218 | 14,136 | 27,152 |
| Median Age: | 52.05 | 38.69 | 40.21 |
| Households: | 957 | 5,844 | 11,437 |
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