Hwy 59 / Baldwin Acreage
Coastal Alabama Investment Opportunity
Marketing description
Foley is located in Baldwin County, the county anchors Alabama’s Gulf Coast region, which generates more than one-third of the state’s tourism revenue, supporting strong retail demand, workforce growth, and long-term economic expansion.
Foley has experienced substantial growth, with an estimated 36% population increase since 2020, equating to an annualized rate of over 6% per year, well above national averages. Baldwin County has grown more than 30% over the past decade, with current population increases near 3% annually, driven largely by in-migration and expanding economic opportunity.
Baldwin County is home to four of Alabama’s Top 10 fastest-growing cities, including Foley, and the Daphne–Fairhope–Foley MSA ranks as the 7th fastest-growing MSA nationally, recording 31.3% population growth from 2010–2021. Approximately 96% of regional growth is driven by in-migration, reflecting sustained residential and workforce demand.
Employment trends further support market strength, with the MSA ranking third nationally for job growth (10.3%) from 2020–2021. Long-term projections forecast 65.1% population growth in Baldwin County between 2010–2040, and the county consistently ranks among Alabama’s top markets for business growth, GDP expansion, building permits, and investment activity.
At the city level, Foley is the second fastest-growing city in Alabama, with a projected growth rate of approximately 9%, supported by proactive municipal planning and infrastructure investment. Foley functions as a regional retail and service hub serving both residents and coastal visitors traveling to Gulf Shores and Orange Beach.
The property is zoned B-2 (General Business District) under Baldwin County zoning, allowing a broad range of commercial uses including retail, restaurants, professional and medical offices, financial institutions, automotive-related uses, hospitality, and service businesses, subject to approvals. This flexible zoning supports moderate- to high-intensity development and enhances long-term investment optionality.
Easily accessible from I-10 via Exit 49, south on AL-59 toward Foley/Gulf Shores.
Investment highlights
- High-Growth Coastal Alabama Market supported by strong demographics, sustained population growth, and expanding commercial demand
- B-2 General Business Zoning allowing a broad range of commercial uses and multiple development or exit strategies
- 518 Feet of Frontage on AL Highway 59, Foley’s fastest growing corridor serving Gulf Shores and Orange Beach
- Strategically Positioned Between AL Highway 59 and the Foley Beach Express, providing strong commercial exposure and efficient regional access to I-10, Gulf Shores, and Orange Beach, benefiting from year-round retail and tourism demand
- Corridor-Oriented Site offering regional visibility
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