Multifamily Development Opportunity

Investment Overview

Prime +/- 38 acre residential, multi-family, and commercial land development site available in the heart of Foley, Alabama. The site is centrally located in the rapidly growing Foley MSA and is the ideal location for a residential, multi-family, and commercial development. The property has +/-28 Acres zoned GPH-1 (Residential Garden Patio Homes) and +/-10 acres zoned B-1A (Commercial Extended Business District). The property is located along E Pride Blvd (3,465 VPD) and has easy access to Foley Beach Express, just west of the site. Foley Beach Express (35,350 VPD) serves as a major arterial in the Baldwin County market. The new projects and infrastructure improvements within the community have drawn private development in the city, creating new jobs and a booming economy. With the strong tourism market, low state taxes, highly-rated Baldwin County School systems, and beautiful beaches, Foley has become a highly sought after community to reside and tourist destination.

Investment Highlights

• Excellent residential, multifamily, and commercial land development site in Foley, Alabama
• Approximately 231,767 permanent residents in Baldwin County
• Adjacent to the $210 million dollar development - OWA Amusement Park
• Alabama’s Gulf Coast has 6 Million annual visitors and spend $6 Billion tourism dollars in the area