2.55 acres with timber, unimproved adjacent to Riviera Center, Tanger Outlet Mall and OWA Amusement Park and Foley Sports and Athletic Fields. Property is adjacent to Cypress Cove to the north. Investment and development opportunity. Property is located in the Opportunity Zone. For Information about Baldwin County, Alabama Opportunity Zones established in 2017, visit Baldwin County online. The Opportunity Zones tax incentive was established by Congress in the 2017 Tax Cut and Jobs Act. The program provides an Innovative approach to spur long-term private sector investments in low-income urban and rural communities nationwide. This economic development initiative is based on the bipartisan? ?Investing in Opportunities Act?. It offers a frictionless way to ?reinvest capital gains? into distressed communities through Opportunity Funds, in exchange for a graduated series of incentives tied to long-term holdings. This program is the first new national community investment program in over 15 years, and has the potential to be the largest economic development program in the U.S.
The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on October 16th, 2019 at 3:00pm CDT.