212 E Michigan Ave This 17.8-acre R3-zoned parcel in Foley, Alabama presents a highly versatile investment opportunity, primed for either its original 200-unit multifamily design, a senior living development, or a commercial/residential mixed-use project aligned with the city's new comprehensive plan. The inclusion of complete due diligence materials-including architectural drawings, surveys, Geotech reports, wetland permits, and a traffic study - significantly reduces development lead time and upfront costs. There are two existing, occupied rental houses providing cash flow. Positioned "in the heart of Foley, " this site sits within a rapidly expanding economic hub. It benefits from proximity to major South Baldwin County drivers, including the Tanger Outlets Foley, the OWA Parks & Resort entertainment district, and a large medical infrastructure. It also serves as a key residential feeder for the coastal tourism economies of Gulf Shores and Orange Beach. Buyer to verify all information during due diligence.