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Property profile

0 Miflin Rd Foley, AL 36535

OFF-MARKET
Land
1.21 ac lot
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Property summary

AI-generated overview

This exceptional 1.21-acre commercial land parcel in Foley, Alabama, presents a remarkable investment opportunity. Boasting 250 feet of road frontage on Mifflin Road (County Road 20), this property enjoys unparalleled visibility, situated between Highway 59 and the Foley Beach Express. Its prime location places it within walking distance of major attractions including Tanger Outlets Mall, OWA, Tropical Falls indoor water park, and the Foley Sportsplex, ensuring high traffic and excellent exposure. Zoned PUD, this versatile land offers a multitude of development possibilities, catering to a wide range of commercial ventures. The property's strategic location also benefits from proximity to the Gulf Coast public beach, Gulf Coast Zoo, a state park, marinas, and The Wharf entertainment complex, further enhancing its appeal and potential for significant return on investment. All utilities are conveniently available at the street. The parcel's APN is 05-61-02-09-0-001-002.018. This is a full ownership opportunity, currently offered for sale by owner at $399,900. The rapid growth of this area makes this a timely and lucrative investment.

Property profile

Verified
Property type Land
Lot 1.21 ac (52,708 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Miflin Rd Foley, AL 36535
Foley metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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