Restricted Address Foley,, AL 36535

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Facts

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Unzoned and located in an Opportunity Zone! This 4.1-acre parcel has 199 of frontage on Hwy 59 in North Foley. With the property being unzoned and located outside of the city limits, the land uses are essentially limitless (commercial, industrial, apartments, multi-family, RV park, mobile home park, etc). Take advantage of the Opportunity Zones enormous tax advantages by developing a rental asset. This property can also be purchased with an adjoining 5.5 acres to the South, which has 208 of frontage on Hwy 59. In addition, another four parcels located just to the South are available for purchase and total 9.53 acres with 721 of contiguous frontage on Hwy 59. Seller will consider owner financing.