19+/- and 16+/- acres at Palms of Foley in Foley, AL
Vacant Land
for Sale
| Catylist Listing ID: |
30118923 |
| Property Subtypes: |
Hospitality, Multi-Family, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
|
| Building Status: |
Proposed |
| Gross Land Area: |
16 - 19 Acres
|
| Sale Price: |
$100,000 - 200,000 Per Acre |
| In Opportunity Zone? |
Yes |
| Land Splits Available: |
Yes |
| Adjacent Parcels Available: |
Yes |
| Sale Terms: |
Cash to Seller, Build-to-Suit |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/9/2024 |
Overview / Comments
19+/- and 16+/- acre parcels of land available in Foley, Alabama off of Highway 59. These two parcels are to the rear of the site and on either side of Juniper Road Extension. The site shares cross-access with Big Lots, Hobby Lobby, Lowe’s and Shoe Station. Directly in front of this site is Culver's, with 7 Brew, Texas Roadhouse, Captain D's, and New Horizons Credit Union coming soon.
The City of Foley lies 8 miles north of popular Gulf Coast beaches, with Baldwin County having more than 8 million annual visitors a year, and $7.3 billion in annual visitor spending. The site is located less than a mile from major tourist attractions such as the Tanger Outlets, two golf courses, and the 520-acre OWA family resort, theme park, and sports complex.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
Parcel Number: 05-61-02-09-2-001-007.001 PIN: 2608 |
| Zoning: |
B-1A |
| Property Visibility: |
Excellent |
| Legal Description: |
Parcel #'s 05-61-02-09-2-001-007.000 and 05-61-02-09-2-001-007.001 |
| Largest Nearby Street: |
Hwy 59 |
| Feet of Frontage: |
1,328 |
| Traffic/Vehicle Count: |
38,120 |
| Highway Access: |
Access to Hwy 59 and CR20 are possible. |
| Site Description: |
19 acre and 16 acre parcels |
| Area Description: |
Foley, Alabama serves as the gateway to the Alabama and Florida Gulf Coast. Some of the world’s most beautiful beaches can be found within 8 miles, as well as a diverse collection of exciting entertainment, sports, and retail venues. 40 minutes to Mobile, 45 minutes to Pensacola, and 50 minutes to the Pensacola International Airport, Foley is at the center of everything. The mild climate, low property tax, and highly-rated Baldwin County School systems only add to the charm.
OWA is strategically positioned on more than 520 acres of prime commercial property in Foley, Alabama. Phase one of the reinvented southern destination includes a 14-acre lake, a 150-room Marriott Towneplace Suites hotel, a second hotel to be announced, 154,000 square feet of retail, dining and entertainment space and a 14-acre theme park with 21 rides, including one major roller coaster. Phase one construction began in summer 2016 and will be completed and open by summer 2017. Future plans include an indoor/outdoor water park with attached hotel and a resort level RV park.
The Tanger Outlets located in Foley has nearly 600,000 square feet of national and international brand stores. Foley’s yearly retail sales average close to $600 million and within the immediate trade area retail sales in 2012 totals were over $1.2 billion, making South Baldwin County a very important element of the entire state’s economic strength. |
| Lot Frontage: |
1328 |
| Lot Depth: |
2500 |
| Zoning Description: |
B-1A |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,240 |
14,136 |
29,686 |
| Median Age: |
34.25 |
38.69 |
40.03 |
| Households: |
1,732 |
5,844 |
12,346 |
|
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.
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