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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Colby Herrington, CCIM

Herrington Realty, Inc Gulf Coast CMLS Member
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.