Fully Entitled Single Family Rental Development

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30860359
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 18.70 Acres
Sale Price: $2,475,000
Unit Price: $132,352 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2024

Overview / Comments

+-18.79 Acres on CR 20 in Foley, AL

Herrington Realty is pleased to present the opportunity to acquire a fully entitled single family rental PUD development consisting of 162 units of a mix of cottage style and single family floor plans in thriving Baldwin County, AL. HickoryStreet Community Developmentwill serve a dramatic need for long term rentals in the Foley Market with a new style of single family living that offers renters a different option than the standard apartment. The PUD approves density of 8.6 unit per acre and a typical cottage being around 1,320 SF.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-61-03-08-0-000-005.000
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,240 6,537 32,830
Median Age: 34.25 34.93 39.91
Households: 1,732 2,633 13,580


Photograph of Listing Agent

Colby Herrington, CCIM

Herrington Realty, Inc Gulf Coast CMLS Member
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