15372 County Road 28 Foley, AL 36535
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.