212 Michigan Avenue E, Foley, AL 36535

Foley
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
212 Michigan Avenue E,Foley, AL 36535
$2,995,000
  • 0 Acres
  • Lots / Land
  • Active
Listed by: austin hynson
Office: coastal real estate and invest
MLS#:7844049
Source:AL_MAAR

Price summary

  • Price:$2,995,000

About this home

This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city’s new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study – significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned “in the heart of Foley,” this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Sellers are Licensed Real Estate Agents in...

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Home facts

  • Subdivision & Development:Metes & Bounds
  • Listing ID #:7844049
  • Added:1 day(s) ago
  • Updated:September 25, 2026 at 04:51 AM

Structure and exterior

  • Lot Features:Level

Schools

  • High school:Foley
  • Middle school:Foley
  • Elementary school:Foley

Utilities

  • Water:Available
  • Sewer:Available

Finances and disclosures

  • Price:$2,995,000
  • Tax amount:$6,436

Features and amenities

  • Amenities:Electricity Available

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