E Azalea Avenue

Description

Welcome to an incredible investment opportunity on E Azalea Avenue, nestled in the heart of the charming City of Foley. This offering includes multiple lots, providing a total of over 2 acres in the desirable R3 zoning district, and X flood zone. The potential for this property is vast, ranging from developing single-family homes on spacious individual lots to creating a multi-family residential development.Imagine the flexibility to build on each lot separately or combine three lots (included in the sale PPIN# 55432; 56389; 56399) for a larger-scale project. The expansive space opens up a variety of possibilities, making it an ideal canvas for your vision. Whether you're considering a lucrative rental income stream or crafting a community of homes, this property caters to various development aspirations.Notably, the absence of an HOA offers you the freedom to bring your creative ideas to life without restrictive guidelines. The prime location in the heart of the City of Foley adds to the appeal, with convenient proximity to shopping, restaurants, South Baldwin Hospital, and, of course, the sun-kissed white sandy beaches of Gulf Shores.This strategic locale ensures quick access to all major highways, making commuting a breeze. Don't miss out on this exceptional opportunity to shape the future of this prime real estate in Foley. Act now and unlock the potential of these multiple lots in an area that seamlessly blends convenience, versatility, and coastal charm. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.