Unzoned Land

Vacant Land for Sale
Catylist Listing ID: 30713315
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 5.50 Acres
Sale Price: $349,000
Unit Price: $63,454 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 7/16/2021

Overview / Comments

Unzoned and located in an Opportunity Zone! This 5.5-acre parcel has 208’ 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 4.1 acres to the North, which has 199’ of frontage on Hwy 59. In addition, another four parcels located just to the South are available for purchase and total 9.53 acres with 721’ of contiguous frontage on Hwy 59. Seller will consider owner financing.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-03-08-0-000-007.000
Zoning: UNZONED
Legal Description: 5.5 AC(C) BEG AT PT 82.4 N OF SE COR OF NW1 4 OF NE1 4 RUN TH W LY 1280 (S) TH N 200 TH E 1150 (S) TH SE LY 209.9 TH S 31.8 TO POB SEC 8-T7S-R4E (WD)
Largest Nearby Street: Hwy 59
Lot Frontage: 208'
Lot Depth: 1200'
Zoning Description: Unzoned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,342 16,727
Median Age: 47.64 40.27
Households: 1,852 6,616

Contact

Photograph of Listing Agent

Patrick Daily

Re/Max of Orange Beach Gulf Coast CMLS Member
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