Multifamily Development Opportunity

S Juniper St & E Pride Blvd, Foley, AL 36535

38 Acres
$3,100,000

Listing Details

List Price
$3,100,000
List Price Per SF
$1.87
List Price Per Acre
$81,579
List Date
4/08/2022
Listing ID
30207844

Multifamily Development Opportunity

Prime +/- 38 acre residential, multi-family, and commercial land development site available in the heart of Foley, Alabama. The site is centrally located in the rapidly growing Foley MSA and is the ideal location for a residential, multi-family, and commercial development. The property has +/-28 Acres zoned GPH-1 (Residential Garden Patio Homes) and +/-10 acres zoned B-1A (Commercial Extended Business District). The property is located along E Pride Blvd (3,465 VPD) and has easy access to Foley Beach Express, just west of the site. Foley Beach Express (35,350 VPD) serves as a major arterial in the Baldwin County market. The new projects and infrastructure improvements within the community have drawn private development in the city, creating new jobs and a booming economy. With the strong tourism market, low state taxes, highly-rated Baldwin County School systems, and beautiful beaches, Foley has become a highly sought after community to reside and tourist destination.

Highlights:

- Excellent residential, multifamily, and commercial land development site in Foley, Alabama

- Approximately 231,767 permanent residents in Baldwin County

- Adjacent to the $210 million dollar development - OWA Amusement Park

- Alabama’s Gulf Coast has 6 Million annual visitors and spend $6 Billion tourism dollars in the area

Space Details

Total Available
38 Acres
Primary Use
Land
Investment
No

Property Highlights

Type
 Land  
 Pending
Size
38.98 Acres
Zoning
B-1A & GPH-1
In Opportunity Zone
Yes

Contact

Harry Bell

Bellcore Commercial LLC

CIE

Source: Gulf Coast CMLS

More Information

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