Charleston Place PUD Site

This prime 18.79-acre development opportunity in Baldwin County, AL, offers a unique chance to build 158 multifamily cottage units in a desirable Foley, AL submarket.​ The site benefits from Planned Unit Development (PUD) zoning, catering to robust housing demand, as evidenced by competitive properties in the area experiencing high leasing traffic, strong rental rates, and steady progress toward market stabilization.​ The property provides potential for the newest and most desirable development in the market, with proposed amenities including a swimming pool, clubhouse, common green spaces, and extensive sidewalks.​ Future growth is supported by the 5-year CR20 extension to CR65, enhancing accessibility and positioning the site for long-term success.​ Additionally, recent sales like The Village at Hickory Street, which sold for over $350,000 per unit, underscore the market's strong performance and rising property values.​ Priced attractively at $2.5MM, this opportunity offers design flexibility for the buyer to collaborate with the local municipality and maximize the development’s potential.​

• Prime 18.79-Acre development opportunity in Baldwin County, AL

• Approved for 158 Multifamily Cottage Units

• Planned Unit Development (PUD) zoning

• Desirable Baldwin County location in the Foley, AL submarket

• Recently constructed competitive properties experiencing high leasing traffic, strong rental rates, and steady progress toward

market stabilization signaling a robust demand for housing

• Following the first wave of B2R developments in the market gives the buyer an opportunity to maximize their design and

amenities to be the newest and preferred property in the market.

• Proposed amenities as designed: swimming pool, clubhouse, common green spaces, and extensive sidewalks throughout

• The 5-year CR20 extension to CR65 plan will further enhance site accessibility, positioning it for long-term growth, and success.

• Recent sales in the Baldwin County market, including The Village at Hickory Street in Foley that sold for over $350,000 per unit,

highlights the area’s strong market performance and future property values.

• Asking price of $2.5MM provides an excellent basis for a prime development opportunity.

• Potential design flexibility for the buyer in working with the local municipality to maximize the development’s potential