212 E Michigan Ave, Foley, AL 36535
Local realty services provided by:Better Homes and Gardens Real Estate Main Street Properties
212 E Michigan Ave,Foley, AL 36535
$2,995,000
- 0 Acres
- Lots / Land
- Active
Listed by: austin v hynson
Office: coastal real estate
MLS#:411124
Source:AL_BCAR
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. Buyer to verify all information during due diligence....
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Home facts
- Subdivision & Development:None
- Listing ID #:411124
- Added:44 day(s) ago
- Updated:November 08, 2026 at 04:20 PM
Schools
- High school:Foley High
- Middle school:Foley Middle
- Elementary school:Foley Elementary
Finances and disclosures
- Price:$2,995,000
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