Premier Eight-Plex Townhome Development
For Sale
$2,490,000
19625 County Road 20, Foley, AL 36535
10.17-acre development site approved for 104 townhome units.
Property SizeContact for details
Lot Size10.17 Acres
Days on Market213
Property Features for 19625 County Road 20
General Information
Standard status
Active
Lot size
10.17 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,360
Listing Agency:
Realty Executives Gulf Coast
(251) 942-5744
Listed By:
Erick Haffner · License #71913
(251) 942-5744
Source:
Exitrealty
Added: Jan 31
Changed: Aug 31
Last Checked: Aug 31 at 3:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Gulf Coast
Investment Insights
Based on property information with market context.
This 10.17-acre property, divided into 18 lots, is an eight-plex townhome development located in Foley, Alabama. The fully entitled Planned Unit Development (PUD) is approved for 104 townhome units, offering an immediate, shovel-ready residential project. All infrastructure is already installed, including a paved road with curbing, water, gravity sewer, cable, phone, internet, storm drains, and retention areas. Civil engineering and construction plans are completed. The property is located within one of two Opportunity Zones in Foley, Alabama, potentially offering investors tax benefits, including deferral of capital gains along with potential exclusions on future gains from the investment. The property is strategically positioned near major highways, retail, employment hubs, beaches, amusement parks, and resort districts, making it ideal for build-to-sell or build-to-rent. With zoning and PUD approved, this turnkey project allows investors to move forward immediately with construction.
Key Highlights
- Shovel‑ready development: Approved for 104 townhome units with all infrastructure installed.
- Significant time and cost savings: Civil engineering and construction plans completed, eliminating lengthy and expensive pre‑construction phases.
- Opportunity Zone location: Potential tax benefits for investors.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 10.17-acre development site approved for 104 townhome units.
Where is this residential land & home lot located?
The property is located at 19625 County Road 20 Foley, AL.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Shovel‑ready development: Approved for 104 townhome units with all infrastructure installed.; Significant time and cost savings: Civil engineering and construction plans completed, eliminating lengthy and expensive pre‑construction phases.; Opportunity Zone location: Potential tax benefits for investors.
