Outparcels & Acreage in ±100 AC Mixed-Use Development in Foley

Vacant Land for Sale
Catylist Listing ID: 30834734
Property Subtypes: Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 2.20 - 32 Acres
Sale Price: $2.50 - 20 PSF
In Opportunity Zone? Yes
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 4/19/2024

Overview / Comments

Highly desirable commercial lots available across from OWA Resort in Foley, Alabama. Located directly on the Foley Beach Express, at the signalized intersection of County Rd 20 / Miflin Road, this new mixed-use development is an ideal location for retail, QSR, multi-family, hotel, and other uses. Lots 4 & 7 will be multi-family residential developments with over 400 units. OWA Resort has over 2 Million visits per year, as of 2022, with visitors’ average annual household income between $75,000 and $100,000 (Placer.ai).

New ±100 AC mixed-use development
Tracts 1, 2, & 3 will have offsite stormwater
Adjacent to new grocery-anchored center starting construction soon & opening in 2024
Multiple access points including signalized access at the intersection of FBX & OWA
Zoned PDD (Planned Development District)
New traffic signal at North OWA Boulevard

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-61-02-03-0-000-001.000
Zoning: PDD (PLANNED DEVELOPMENT DISTRICT)
Property Located Between: Hwy 98 & CR-20
Property Visibility: Excellent
Largest Nearby Street: Foley Beach Express
Traffic/Vehicle Count: 27,201
Highway Access: Frontage on Foley Beach and County Road 20, just south of Highway 98
Part of Planned Development?: Yes
Development Name: Magnolia Walk East

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,218 10,534 23,079
Median Age: 52.05 38.34 40.9
Households: 957 4,330 9,517

Contact

Photograph of Listing Agent

Kenny Nichols

Vallas Realty, Inc. Gulf Coast CMLS Member
Photograph of Listing Agent

Robert H. Cook, CCIM

Vallas Realty, Inc. Gulf Coast CMLS Member
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