- For Sale $2,500,000
- Property Type Other
- Lot Size 18.79 Acre
- Additional Rent Contact for pricing
- Date Updated Jan 15, 2025
This prime 18.79-acre development opportunity in Baldwin County, AL, offers a unique chance to build 158 multifamily cottage units in a desirable Foley, AL submarket. The site benefits from Planned Unit Development (PUD) zoning, catering to robust housing demand, as evidenced by competitive properties in the area experiencing high leasing traffic, strong rental rates, and steady progress toward market stabilization. The property provides potential for the newest and most desirable development in the market, with proposed amenities including a swimming pool, clubhouse, common green spaces, and extensive sidewalks. Future growth is supported by the 5-year CR20 extension to CR65, enhancing accessibility and positioning the site for long-term success. Additionally, recent sales like The Village at Hickory Street, which sold for over $350,000 per unit, underscore the market's strong performance and rising property values. Priced attractively at $2.5MM, this opportunity offers design flexibility for the buyer to collaborate with the local municipality and maximize the development’s potential.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
6/100 Car-Dependent -
Bike Score ®
26/100 Somewhat Bikeable
- City Foley, AL
- Neighborhood Foley
- Zip Code 36535
- Market Mobile
Points of Interest
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Tom Thumb
1.08 miles
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Bebo's
1.26 miles
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Murphy USA
1.32 miles
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Dodge's
1.70 miles
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Exxon
2.25 miles
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Shell
2.68 miles
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Chevron
2.93 miles
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Boat Parking
4.33 miles
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W Club Parking
6.72 miles
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Green Turtle Parking Deck
6.78 miles
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Blue Heron Parking Deck
6.79 miles
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Concert Handicapped Parking
6.93 miles
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Storage Area
7.74 miles
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Oyster House Boardwalk Overflow Parking
8.09 miles
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RV Storage
8.27 miles
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Handicap Parking
8.40 miles
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ROSEMARY DUNES TRAIL PARKING
8.69 miles
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Holiday Inn Express & Suites Foley - N Gulf Shores
0.88 miles
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Hampton Inn Foley, AL
0.91 miles
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Econo Lodge Inn & Suites Foley-North Gulf Shores
1.03 miles
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Comfort Suites Foley
1.10 miles
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Super 8
1.13 miles
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Quality Inn
1.26 miles
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Best Western Riviera Inn
1.64 miles
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America's Best Inn Foley
1.67 miles
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Bay Inn & Suites Foley
1.98 miles
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Sleep Inn & Suites
2.03 miles
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O'Charley's
0.95 miles
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Cracker Barrel
0.96 miles
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Waffle House
1.05 miles
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Hardee's
1.06 miles
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Cicis
1.06 miles
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Chick-fil-A
1.06 miles
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Krispy Kreme
1.07 miles
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Five Guys
1.07 miles
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Jade Garden
1.07 miles
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Whataburger
1.07 miles
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Foley High School
0.98 miles
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Foley School
1.57 miles
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Foley Elementary School
2.72 miles
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Foley Middle School
2.73 miles
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Little Rock School
3.42 miles
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Swift Consolidated Elementary School
4.10 miles
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Coastal Alabama Community College
5.66 miles
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Saint Benedict Catholic School
6.58 miles
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Elberta High School
6.93 miles
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Orange Beach Middle-High School
7.42 miles
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Discovery Island
8.15 miles
Frequently Asked Questions
The space currently listed for sale at Charleston Place PUD Site asks for $2,500,000.
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