Foley Automotive Shop
Special Purpose
for Sale
| Catylist Listing ID: |
30871917 |
| Building Size (RSF): |
7,900 SF
|
| Gross Land Area: |
0.29 Acres
|
| Sale Price: |
$2,800,000 |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Usable Size (USF): |
7,900 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/30/2024 |
Overview / Comments
Introducing a prime investment opportunity in Foley, AL! The 7,900 +/- sq. ft. building, constructed in 1930 and part of the Foley Historic District, offers an ideal space for redevelopment into a hospitality or retail concept, whether an event venue, restaurant, coffee shop, beauty salon, or retail boutique. It could also work well as a prospective office building! The building is in a highly visible spot along N. McKenzie St/Highway 59, one of the main routes to popular beaches. This location is near popular eateries and diagonal from Foley Centennial Plaza, which hosts many events.
Zoned B-1A and strategically located in the heart of the Foley, this property presents a rare chance to capitalize on a sought-after location in a growing market. Due to its designation as part of Foley’s Historic Main Street District, there may be grants available to assist with revitalization.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-54-09-29-1-000-172.000 |
| Zoning: |
B-1A |
| Property Located Between: |
HWY 59 (N McKenzie Street) and N Alston Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
HWY 59 (N McKenzie Street) |
| Feet of Frontage: |
100 |
| Traffic/Vehicle Count: |
27,699 |
| Highway Access: |
HWY 59 (N McKenzie Street) |
| Airports: |
KMOB, KBFM, KPNS |
| Area Description: |
Foley is strategically located within Baldwin county, the 10th fastest growing metro region in the USA in 2023. It offers access to a wide range of amenities, including Tanger Outlets, OWA amusement park, and the white-sand beaches of Gulf Shores and Orange Beach. Foley itself has a thriving, pro-business environment, along with strong population growth. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
7,900 SF |
| Property Condition: |
Fair |
| Year Built: |
1930 |
| Construction/Siding: |
Brick |
| Exterior Description: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
~20 parking spots |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Zoning Description: |
B-1A EXTENDED BUSINESS DISTRICT |
| Lot Frontage: |
100 |
| Lot Depth: |
125 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
CITY OF FOLEY SUBD SEC 29 BLOCK 8 LOT 21-24 PB1 PG25 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,319 |
15,850 |
20,555 |
| Median Age: |
42.62 |
40.87 |
40.52 |
| Households: |
1,364 |
6,549 |
8,316 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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