Technical
Financial
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Property profile

11139 Family Circle Ln Foley, AL 36535

OFF-MARKET
Land
Property ID
US03-0623934
15 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity: 15+ acres of un-zoned land in Foley, Alabama, situated on Foley Beach Express, with the potential to acquire an additional 5 acres for a total of 20 acres. Currently listed at $4,500,000 for the 15+ acres, with the entire 20 acres available for $6,000,000. This expansive parcel presents diverse development possibilities, including hotels, convenience stores, townhome projects (ideal for short-term rentals), storage facilities, assisted living facilities, single-family homes, and high-end RV parks. The property's un-zoned status allows for a wide range of uses subject to county/city approvals. Its strategic location offers convenient access to nearby attractions such as OWA Entertainment (1.5 miles away), and the beaches and amenities of Orange Beach and Gulf Shores (13 miles south). Engineering plans are underway to create a convenient right-in/right-out access point from Foley Beach Express. Furthermore, discussions are ongoing regarding the installation of a traffic light at the intersection of Doc McDuffie Road and the property's approximate northeast corner. The property's APN is 5408340000002007, and it is owned by J & R Land, LLC. This is a rare opportunity to acquire significant acreage in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 15 ac (653,400 SF)
UPID US03-0623934

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Corporate Office Financial Advisor

Location

11139 Family Circle Ln Foley, AL 36535
Foley metro
Google Maps

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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