0 Shelene Way, Foley, AL 36535 | MLS #390934 | Roberts Brothers, Inc.

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Listing provided courtesy of Realty Executives Gulf Coast- MLS# 390934MLS ProviderContact Information: PHONE: 251-942-5744

0 Shelene WayFoley, AL 36535

Commercial · 7,566 Sq. ft. | 3.00 Acres
$3,000,000 Active

0 Shelene Way Overview

20 Townhome units in four buildings along with common area land positioned in a gated development. Located in Foley AL, the states fastest growing city in 2025, only 9 miles to Gulf Shores public beach and within a 5-10 minute drive to all Foley has to offer. Renter demand is very strong for this product and this rate of rent in Foley, AL. These units stay rented/occupied with 12 month leases; and provide a consistent strong income with low owner expense. Current rental rates provide a 8.3% CAP rate; per Owner information. This is a rare find in Foley, AL and should be considered by all serious investors! Buyer to verify all information during due diligence.

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0 Shelene Way Facts & Features

  • Type Commercial
  • Sq. ft. 7,566
  • Price/Sq.ft. $397
  • Lot 3.00 Acres

Details

General

Association/HOA

  • Association: No

Building Information

  • New Construction: No
  • Year Built: 2008

Business Information

  • Business Name: Shadow Lakes Townhomes

Location/Region

  • Country: US
  • County Or Parish: Baldwin
  • MLS Area Major: Foley 2
  • Subdivision Name: AL

General Information

  • Parcel Number: 304688
  • Property Condition: Resale
  • Property Sub Type: Multi Family
  • Property Type: Commercial Sale

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Builder
  • Building Area Total: 7566
  • Building Area Units: Square Feet

General Information

  • Electric: Total Electric
  • Foundation Details: Slab
  • Heating: Yes
  • Leasable Area Units: Square Feet
  • Levels: Two
  • Living Area Source: Builder
  • Living Area Units: Square Feet

Exterior

Parking Information

  • Parking Features: Covered Attached

Lot Information

  • Frontage Length: 328'
  • Lot Features: Elevation-High,Level
  • Lot Size Acres: 3
  • Lot Size Area: 3
  • Lot Size Dimensions: 481' x 268' (+-)
  • Lot Size Square Feet: 130680
  • Lot Size Units: Acres
  • Number Of Buildings: 4
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Wood Siding

General Information

  • Number Of Units Total: 20
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Cable Available

0 Shelene Way Neighborhood

Community

36535 (Foley) Demographics

46
Median Age
360
Population Density (per sq. mile)
32%
College Educated
$53,606
Estimated Median Income
10,743
Estimated Total Home Owners
3,183
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

0 Shelene Way Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

0 Shelene Way Market Data

Based on the last 30 days in this zip code

$366,340
Average List Price
$194
Average Price per Square Foot
104
Properties Sold
96
Average Days on Market
595
Properties for Sale
Calculations provided by Reliance Network

0 Shelene Way History

Date Event Value Agent
1/28/2026Source: Baldwin MLS Added to Database
January 28, 2026