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    19121 Co Rd 20 Foley, AL 36535

    Source: https://www.saltercompany.com
    For Sale
    $2,600,000

    Prime 38-acre development, fully entitled. Shovel-ready.

    Property size:
    1,665,996 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    301
    This exceptional 38.25-acre parcel in Foley, Alabama, presents a fully entitled and shovel-ready opportunity for the development of 182 townhomes. Located in Baldwin County's rapidly expanding market, this property boasts an ideal location with 1,222 feet of frontage on County Road 20 and 1,282 feet on Hickory Street. Public utilities are readily available, eliminating delays and streamlining the development process. The site comprises three contiguous parcels: PPIN 287794 (3.266 acres), PPIN 266101 (1.372 acres), and PPIN 71878 (33.608 acres), totaling 38.246 acres. All necessary entitlements are in place, ensuring a seamless transition from acquisition to construction. This turnkey project is perfect for builders, investors, and developers seeking a high-potential residential development in a thriving area. The property's strategic location and comprehensive approvals make it an exceptional investment opportunity with immediate development potential. The asking price is $2,600,000. Contact for details and site access.

    Property Features for 19121 Co Rd 20

    General Information

    Property type
    Other land
    Square Feet
    1,665,996 SF
    Price / Square Foot
    $1.56
    Class
    B
    Elevators
    N/A
    Lot Size
    1,666,170 SF

    Building Details

    Units
    182

    HighLights

    • Fully entitled for 182 townhomes, ready for immediate development.
    • Prime 38.25‑acre site in Foley, AL's rapidly growing Baldwin County.
    • 1,222 ft frontage on County Road 20 and 1,282 ft on Hickory Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Foley
    State
    Alabama

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    FAQs

    What type of property is this?
    Land - Prime 38-acre development, fully entitled. Shovel-ready.
    Where is this land located?
    The property is located at 19121 Co Rd 20 Foley, AL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Fully entitled for 182 townhomes, ready for immediate development.; Prime 38.25-acre site in Foley, AL's rapidly growing Baldwin County.; 1,222 ft frontage on County Road 20 and 1,282 ft on Hickory Street.
    (850) 564-0120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19121 Co Rd 20 Foley, AL 36535
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