SQUARE FEET7,566
MLS#390934
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONAL
Property Description
20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information during due diligence.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Heat Pump
Lot Size: 3.00 Acres
Stories: 2.0
Year Built: 2008
Feature Descriptions
Construction Materials: Wood Siding
Days on Site: 178
Exterior: Wood
Lot: Elevation-High, Level
Lot Dimensions: 481' x 268' (+-)
Parcel#: 304688
Parcel #: 304688
Parking: Covered Attached
Parking Notes: Covered Attached
Sewer: Public Sewer
Units: 20
Utilities: Cable Available
Water: Public
Listed By / Shown By
Listed By
Agency Name: Realty Executives Gulf Coast
Agency Phone: 251-968-4300
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Baldwin County MLS
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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0 Shelene Way | MLS# 390934
This commercial property located at 0 Shelene Way, Foley, AL 36535 is currently listed for sale with an asking price of $3,000,000. Search Foley real estate on www.crye-leike.com today.