606 ,,, 706 N Alston Street, Foley, AL 36535

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.

Property Information

Property Features

Schools

Elementary:

Foley Elementary

Middle:

Foley Middle

High:

Foley High

Financial Details

Directions

From the intersection of Hwy 59 (S McKenzie St) and Perdido Beach Blvd (AL-182), travel north on Hwy 59 approximately 15.5 miles. Turn right onto W Laurel Ave (AL-98). Go 0.3 miles, then turn right onto N Alston Street. Property is located 0.2 miles ahead on the right at 700 Alston Street. 10 total apartments featuring two bedrooms and one bath each. This property includes ppin #'s 72683 and 48020. ** See attached document regarding zoning and rental information from the City of Foley.

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