27 Acres, Zoned B1A, Heart of South Foley Commercial Area

Vacant Land for Sale
Catylist Listing ID: 30166374
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Gross Land Area: 27 Acres
Sale Price: $1,050,000
Unit Price: $38,888 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/7/2018

Overview / Comments

27+ acres in the fast-growing area of South Foley. The property is zoned B1-A in the Extended Business District which allows a wide variety of commercial and multi-family uses. The acreage consists of 7 separate adjacent parcels with frontage on Highway 59, County Road 20, and Pine Street which would allow a creative development with convenient ingress and egress. The property is bank owned, and priced at an early 2016 appraisal value. The location is convenient to the high school, YMCA, Outlet Mall, and many other commercial properties and developments. Because it consists of separate parcels, it would easily be possible to purchase all and sell off what you may not need without going through a subdivision process. This property is due south adjacent to the new Academy Sports development whose main entrance will be built just feet from the northern entrance to the 27 acres.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Foley
Tax ID/APN: 034817
Zoning: B-1A
Property Located Between: Highway 59 and County Road 20 and Pine Street
Property Visibility: Good
Legal Description: 7 different adjacent parcels. See uploaded documents for more information.
Largest Nearby Street: Highway 59
Highway Access: From Highway 59, Turn west on the road adjacent to the south of Waffle House. This is the Highway 59 deeded access and property. This will drive you to the cell phone tower which is not part of the sale. Or, From Highway 59, turn west on County Road 20, and the frontage on 20 is immediately on the right behind the Moyer Ford parcel. Also, look for the signage on Pine Street which is near the old Reynolds Concrete plant.
Airports: Foley, Jack Edwards, Pensacola
Site Description: Flat, vacant land for development
Area Description: Southern Foley is a very fast growing retail and entertainment area. Many national tenants are locating in this area of town which is anchored by the Tanger Outlet Mall.
Zoning Description: B1A is the Extended Central Business District. Many uses are allowed including residential, multi-family, hotel, retail, mixed-use, office, etc. It is a very flexible zoning ordinance. See zoning ordinance in uploaded documents.
Topography: Level
Easements: Other
Easements Description: On the west side is a drainage easement.
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,240 11,508 24,157
Median Age: 34.25 38.31 40.4
Households: 1,732 4,697 9,830
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.