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    15372 County Road 28 Foley, AL 36535

    For Sale
    $299,000

    1.95 Acres, B1A Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.95-acre commercial land parcel, located at 15372 County Rd 28 S in Foley, Alabama (zip code 36535), presents a compelling investment opportunity. The property, identified by APN 54-02-10-0-000-004.000 and PPIN 23978, is zoned B1A, making it ideally suited for a variety of retail uses. Measuring approximately 152.9 feet by 558 feet, this strategically positioned lot enjoys high visibility and significant traffic counts, further enhanced by its proximity to the intersection of Baldwin Beach Express and Foley Beach Express. A Raceway gas station is conveniently located nearby, adding to the area's commercial appeal. The asking price is $299,000, translating to $153,333 per acre, reflecting a strong value proposition considering the property's location and future development potential within a rapidly growing area. This prime location is poised for significant appreciation, making it an attractive investment for both immediate and long-term returns. The property is situated in Baldwin County and offers excellent access to major roadways. This is a rare opportunity to acquire a well-priced commercial lot in a high-growth area.

    Property Features for 15372 County Road 28

    General Information

    Property type
    Retail properties
    Lot Size
    84,942 SF

    HighLights

    • $299,000 asking price.
    • 1.95‑acre commercial land parcel.
    • B1A zoning, suitable for retail development.
    • Located at 15372 County Rd 28 S, Foley, AL 36535.
    • $153,333 per acre land value.
    • APN: 54‑02‑10‑0‑000‑004.000, PPIN: 23978.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Auto Parts Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.665384
    Latitude
    30.448522

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    FAQs

    What type of property is this?
    Retail property - 1.95 Acres, B1A Zoning, High Traffic
    Where is this retail property located?
    The property is located at 15372 County Road 28 Foley, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price.; 1.95-acre commercial land parcel.; B1A zoning, suitable for retail development.
    Request Owner's contact information
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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
    15372 County Road 28 Foley, AL 36535
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