Listing Agency: ParaSell Inc j***@coretn.com Show Phone

Listed By: Scott Reid · License #9009637

Source: Crexi

Added: May 8, 2023 Changed: Jul 6 Last Checked: Jul 30 at 10:46AM

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Investment Insights

Based on property information with market context.

A proposed 280-unit apartment complex is planned for construction within the city limits of Foley, Alabama. The multi-family site encompasses approximately 24.76 acres, with an additional 10 acres of commercial frontage available for development. Foley is located in South Baldwin County, approximately 12 miles from the Gulf Shores/Orange Beach coastal area. The proposed multi-family units are intended to support the economy of Foley and the Gulf Coast.

Key Highlights

• Proposed 280‑unit apartment complex.
• Includes 24.76 acres +/- for multi‑family development.
• Additional 10 acres +/- of commercial frontage for development.

Property Analytics

Property Profile

Current Use

Land

Suggested Use

Top Pick Dental Office Auto Parts Store Kitchen & Bath Showroom Furniture & Home Goods HVAC Service Hair Salon

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

119

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

Market

Properties on Market for Land in Foley

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Frequently Asked Questions

What type of property is this?

Land - 24.76 acre site for 280 apartment units.

Where is this land located?

The property is located at 12538 Bodenhamer Rd Foley, AL.

What are key features of this property?

This property features: Proposed 280‑unit apartment complex.; Includes **24.76 acres +/- for multi‑family development.**; Additional 10 acres +/- of commercial frontage for development.