Palms of Foley

Vacant Land for Lease
Catylist Listing ID: 30034392
Property Subtypes: Multi-Family, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Building Status: Proposed
Gross Land Area: 1 - 8 Acres
Lease Rate: $10 - 11 PSF (Annual)
Lease Types: Gross Lease
Land Splits Available: Yes
Last Updated: 7/18/2017

Overview / Comments

Property Summary
Up to 8 acres of outparcels are now available in Foley, Alabama. The site shares cross-access with Big Lots, Hobby Lobby, Lowe’s and Shoe Station. This site is ideal for junior anchors, categories of soft and hard goods, restaurants, service users, hotels and even multi-family to the rear.
In the past few years, new area businesses and major developments have been on the rise. The site is located less than a mile from major tourist attractions such as the Tanger Outlets, two golf courses and the new 520-acre OWA family resort, theme park and sports complex (Opening Summer 2017).
The City of Foley lies 8 miles north of popular Gulf Coast beaches, and it boasts more than 6 million annual visitors a year and close to $600 million in annual retail sales.
The City of Foley lies 8 miles north of popular Gulf Coast beaches and boasts more than 6 million annual visitors a year and close to $600 million in annual retail sales.
Outparcels Available
Minimum: ±1.35 Acres
Max Continuous: ±4.3 Acres

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
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
Site Description: 76.6 acres of raw land
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

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