$1,650,000

606706 N Alston Street , Foley, AL 36535

 
Bedrooms:20 beds
Bathrooms:10 baths
(None specified):9,984 sqft
Lot:Unknown
Year Built:1977
Listing Status:Active

Listing Agent

Bob Shallow
http://www.bobshallow.com
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Description

Rare Investment Opportunity – Prime Location in Foley, AL. Don’t miss this exceptional opportunity to acquire 10 apartment units each offering two bedrooms and one bath across three parcels (PPIN #396767, #72683, and #48020) located near each other in one of Foley’s fastest-growing and most desirable areas. The property was remodeled in 2022 with upgrades including stainless appliances, wood-look vinyl flooring, fresh paint, butcher block kitchen islands, and in-unit laundry rooms. Strategically located just one block off Highway 59, these parcels offer excellent visibility and access—ideal for both immediate income generation and future commercial development. Zoned B-1 (Local Business District), residential use is no longer permitted under current zoning. However, the existing units are operating under legal non-conforming status, allowing continued residential occupancy. Whether you're looking for rental income or a high-profile redevelopment opportunity, this property provides both flexibility and potential. Highlights: •10 total apartment units • 3 separate parcels: PPIN #396767, #72683, #48020 •Zoned B-1 with legal non-conforming residential use •Property remodeled in 2022 •Excellent exposure just one block from Hwy 59 •Strong rental potential + future redevelopment opportunity** See attached document regarding zoning and rental information from the City of Foley. Buyer to verify all information during due diligence.

Detailed Items

Other Information

606706 N Alston Street, Foley, AL, 36535 is a (none specified) listing of 9,984 sqft on a lot of Unknown. This (none specified) listing has 20 bedrooms, and 10 baths. The map for this location can be viewed on Google maps at Google maps to property606706 N Alston Street, Foley, AL
Copyright © 2025 Baldwin County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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