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    Co Rd 20 Lot A Foley, AL 36535

    Source: https://www.saltercompany.com
    For Sale
    $3,150,000

    18 Acres, Mixed-Use Potential, OWA Proximity

    Property size:
    784,080 SF

    Description

    Added:
    Feb 19, 2025
    Days on Market:
    293
    Exceptional 18-acre commercial land parcel in Foley, Alabama, presents a unique investment opportunity. Situated on Co Rd 20 Lot A, this property boasts a prime location directly across from the OWA entertainment complex in the highly sought-after southwest section of Baldwin County. Currently zoned as a Planned Unit Development (PUD), it allows for diverse development options, including mixed-use, residential (single-family), multi-family, hospitality, and other commercial uses. This presents significant flexibility for a variety of development projects. The property's strategic location offers unparalleled access to the thriving OWA complex and its substantial foot traffic. Note that this 18-acre lot (Lot A) requires simultaneous sale with an adjacent lot (Lot B) to facilitate the construction of an ingress/egress road. The seller will escrow funds at closing to cover road construction costs. Furthermore, both parcels will be subdivided from a larger lot, requiring buyers to submit a preliminary site approval application. All measurements should be independently verified. This is a rare opportunity to acquire a large tract of land in a high-demand location with significant development potential.

    Property Features for Co Rd 20 Lot A

    General Information

    Property type
    Other land
    Square Feet
    784,080 SF
    Price / Square Foot
    $4
    Elevators
    N/A
    Lot Size
    784,080 SF

    HighLights

    • Prime 18‑acre parcel in Foley, AL, across from the OWA complex.
    • Zoned for mixed‑use development, including residential and commercial opportunities.
    • Seller will escrow funds for road construction; requires sale with adjacent lot.
    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 - 18 Acres, Mixed-Use Potential, OWA Proximity
    Where is this land located?
    The property is located at Co Rd 20 Lot A Foley, AL.
    What is the asking price?
    The asking price for this property is $3,150,000.
    What are key features of this property?
    This property features: Prime 18-acre parcel in Foley, AL, across from the OWA complex.; Zoned for mixed-use development, including residential and commercial opportunities.; Seller will escrow funds for road construction; requires sale with adjacent lot.
    (251) 259-7135
    Request Owner's contact information
    Co Rd 20 Lot A Foley, AL 36535
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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.

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    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
    Co Rd 20 Lot A Foley, AL 36535
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