513 W Begonia Ave, Foley, AL 36535

Property Description

Rare opportunity in the heart of Foley! This lot is Lot 5 out of two adjacent lots. Size of the lot is 50x140. Lot 6 is identical and for sale also. Both lots totaling 100' x 140' offer the ideal setup for your next investment or development project. Zoned for duplex construction, each lot allows for a two-unit building, making this a perfect opportunity to develop four total rental or resale units. Even better, the seller has already completed engineered building plans and site plans for two duplex homes, each featuring four 1,000 sq ft units total. This gives you a head start on permitting and construction, saving time and money. Located on quiet W Begonia Avenue, you're just minutes from downtown Foley, shopping, schools, and a short drive to the Gulf Coast beaches. City utilities available at the street. No HOA and no timeframe to build start your income-producing project now! Buy both lots for $125,800 or one for only $62,800. The ready-to-build opportunities like this are hard to find! Buyer to verify all information during due diligence.