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    12538 Bodenhamer Rd Foley, AL 36535

    Sponsored
    For Sale
    Contact for pricing

    280-unit apartment complex, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 34.76-acre property in Foley, Alabama presents a remarkable investment opportunity. Zoned R-3, B-1A, and B-2, it offers a unique blend of residential and commercial potential. The site encompasses 24.76 acres ideally suited for a proposed 280-unit apartment complex, designed to capitalize on the robust tourism economy of the Gulf Coast. An additional 10 acres of commercial frontage provides further development possibilities, enhancing the overall return on investment. Situated in Baldwin County, this location enjoys proximity to the vibrant beach communities of Gulf Shores and Orange Beach, just 12 miles away. The property's strategic positioning ensures high demand for both residential and commercial spaces, making it an attractive proposition for developers seeking significant growth potential. The parcel's APN is 55-07-25-0-000-043.000. This is a rare chance to acquire a large-scale development site in a rapidly growing area with exceptional access to the thriving tourism industry of the Alabama Gulf Coast. The property is ready for immediate development.

    Property Features for 12538 Bodenhamer Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,514,146 SF

    HighLights

    • Proposed 280‑unit apartment complex in Foley, Alabama.
    • 34.76 acres of land, including 24.76 acres for multi‑family development and 10 acres of commercial frontage.
    • 12 miles from Gulf Shores/Orange Beach.
    • Excellent location to support the thriving Gulf Coast tourism economy.
    • Zoned R‑3; B‑1A; B‑2.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.722882643633
    Latitude
    30.406651512321

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    FAQs

    What type of property is this?
    Multifamily property - 280-unit apartment complex, prime location
    Where is this multifamily property 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 in Foley, Alabama.; 34.76 acres of land, including 24.76 acres for multi-family development and 10 acres of commercial frontage.; 12 miles from Gulf Shores/Orange Beach.
    Request Owner's contact information
    12538 Bodenhamer Rd 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.

    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
    12538 Bodenhamer Rd Foley, AL 36535
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