20 ACRE RETAIL SITE ON HWY 59 IN FOLEY -
Vacant Land
for Sale
| Catylist Listing ID: |
30869726 |
| Property Subtypes: |
Hospitality, Office, Retail-Pad, Self Storage
|
| Gross Land Area: |
20 - 21 Acres
|
| Sale Price: |
$3,500,000 |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/5/2024 |
Overview / Comments
PRIME LOCATION!!! 20+/- Acres on the south side of Foley. This property is at the line of Foley/Gulf Shores on the east side of Hwy 59. Access is via a signalized intersection of CR 10 & Hwy 59. There is 924 feet of frontage on Hwy 59. The land is fairly flat and has historically been used as a pecan orchard. This site would be ideal for a C-Store, Grocery Anchored Retail, Restaurant, Hotel, etc. There is plenty of room to maximize the efficiency of the site layout.
**The Plat Map enclosed has been approved, but not recorded as of the listing date.**
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-61-05-21-2-001-003.000 |
| Zoning: |
B-1A |
| Property Located Between: |
CR 10 & CR 12 |
| Property Visibility: |
Excellent |
| Legal Description: |
Lot 1A of Re-Subdivision of Lot 1 Gopher Fork Subdivision |
| Largest Nearby Street: |
Hwy 59 |
| Feet of Frontage: |
924 |
| Traffic/Vehicle Count: |
34,000 |
| Highway Access: |
signalized access at CR 10 |
| Airports: |
Gulf Shores International |
| Site Description: |
fairly flat old pecan orchard |
| Area Description: |
Heavy Retail Corridor with big traffic counts |
| Zoning Description: |
Commercial Use - Extended Business District |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,240 |
13,504 |
24,157 |
| Median Age: |
34.25 |
39.72 |
40.4 |
| Households: |
1,732 |
5,527 |
9,830 |
|
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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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