Property Details

Property Description

* * Juniper Street Apartments * * Located in Foley, AL 36535 Situated in the vibrant city of Foley, Alabama, offer an exciting investment opportunity on this property that qualifies for Opportunity Zone classification! Approved for 400 multi-family apartment units by the City of Foley, this property boasts a strategic location near major highways such as Highway 59, Highway 98, and the Foley Beach Express; providing convenience for residents and visitors alike. The proposed site plan includes almost 10 acres of open space, enhancing the living environment for tenants. Surrounding amenities include the popular Tanger Outlets shopping center, OWA theme park, diverse dining options, and proximity to Gulf Coast beaches like Gulf Shores and Orange Beach. Investors can capitalize on the dynamic growth in Foley, highlighted by annual events like the Gulf Coast Hot Air Balloon Festival, Shrimp Fest, and big name concerts at The Wharf. Located in Foley's southside near large retail stores and entertainment venues, Juniper Street Apartments offer a promising venture to tap into this thriving market. * Adjacent 28.94 Acres also available with approval for 192 Townhomes. Buyer to verify all information during due diligence.