212 E Michigan Ave, Foley, AL 36535
- $2,995,000
- List Price
- $2,995,000
- Status
- ACTIVE
- MLS#
- 411124
- Acres
- 17.80
- County
- Baldwin
- Region
- Baldwin
- Legal Description
- 5.9 AC FM NE COR OF NW1/4 OF SW1/4 OF SEC 33, TH SW 31.1' TO PT ON S LN MICHIGAN AVE, TH W 480' TO POB, TH S 200', TH E 60.7', TH S 1096.9', TH W 208' TO PT ON E LN CYPRESS ST, TH N 1297.5', TH E 147.7' TO POB IN CITY OF FOLEY SEC 33-T7S-R4E
Property Description
This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city’s new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study – significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned “in the heart of Foley,” this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Buyer to verify all information during due diligence.
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Listing courtesy of Coastal Real Estate.
© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .