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2.7 Acres with Development Potential
For Sale
$1,375,000

8086 STATE HIGHWAY 59, Foley, AL 36535

2.7 acres zoned Single Family, potential for commercial conversion.

Property SizeContact for details
Lot Size2.70 Acres
Days on Market175

Property Features for 8086 STATE HIGHWAY 59

General Information

Standard status Active
Lot size 2.70 Acres
Property subtype Lots/Land

Taxes and HOA fees

Annual Taxes $1,102
Listing Agency: EXIT Realty Gulf Shores
Listed By: Tom Stanton · License #11299
Source: Exitrealty
Added: Mar 24 Changed: Sep 10 Last Checked: Sep 13 at 6:01AM

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 EXIT Realty Gulf Shores

Investment Insights

Based on property information with market context.

This property consists of 2.7 acres zoned for Single Family use, presenting the possibility of conversion to commercial zoning. Included on the land are two homes; one constructed in 2016 with 1752 square feet, and another built in 1955 offering 2105 square feet. The property is being marketed based on its land value, with the existing homes included without assigned value. This offering may suit investment purposes. The newer home is currently occupied by a tenant, necessitating a 48-hour notice for viewings, in accordance with the Alabama Landlord Tenant Act. Prospective buyers are advised to verify all relevant information during the due diligence process.

Key Highlights

  • 2.7 acres of land
  • Zoned Single Family with potential for commercial zoning conversion
  • Includes two homes (1752 SF built in 2016 and 2105 SF built in 1955)

Property Analytics

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Current Use

Land

Suggested Use

Top Pick Real Estate Agency Law Firm Garden Center HVAC Service (Bike/Boat/Book/etc) Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

270
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Land - 2.7 acres zoned Single Family, potential for commercial conversion.
Where is this land located?
The property is located at 8086 STATE HIGHWAY 59 Foley, AL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 2.7 acres of land; Zoned Single Family with potential for commercial zoning conversion; Includes two homes (1752 SF built in 2016 and 2105 SF built in 1955)
More about this property
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