GREAT for Commercial Business Requiring High Traffic Count!

Vacant Land for Sale
Catylist Listing ID: 29999525
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 2 - 3 Acres
Sale Price: $1,200,000
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/26/2017

Overview / Comments

This Property has not been subdivided. The subject Commercial Property consists of the front portion of PPIN #215096 with 250' frontage on Hwy 59 and 300' frontage on Abbey Lane. It sits in front of the Hampton Inn. Additional property beside of and behind Hampton Inn is available. Please call Broker for more information.

Attachments & Media

Financials

Finance Data Year 2016
Lender Name N/A
Amortization Period N/A

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County Probate
Tax ID/APN: 215096
Zoning: GENERAL BUSINESS
Property Located Between: Cracker Barrel Restaurant
Property Visibility: Excellent
Legal Description: 2.29 AC IRR LOT A RESUB OF LOT 1 OF RESUB OF LOTS 1 & 2 OF RESUB OF PARCEL #2 MULLIS COMMERCIAL SUB SLIDE 2467-D IN THE CITY OF FOLEY SEC 8-T8S-R4E (WD)
Largest Nearby Street: HWY 59 (MCKENZIE ST) / COUNTY RD 20
Highway Access: The Property is on the West side of Hwy 59 (McKenzie St) across from Lowe's and next to Cracker Barrel to the North and Hampton Inn to West.
Airports: Jack Edwards, Gulf Shores, AL, Pensacola International , Mobile International
Site Description: This 250x400 lot is situated near the busiest intersection in Foley, AL The Property is blocks from Tanger Outlet Mall, Motels and Restaurants, as well as Home Depot and Lowe's.
Area Description: The Foley area is known as the Forward City and is the fastest developing city in South Alabama. Most all Retailers/Wholesalers are either presently located there, or planning relocation. Within close proximity to the Gulf of Mexicao, Gulf Shores and Orange Beach, AL.
Lot Frontage: 250'
Lot Depth: 400'
Zoning Description: General Business
Topography: Level
Easements: Utilities
Easements Description: Utility Easements as required for subdivision.10'+-.
Soil Type: Clay
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,584 30,084
Median Age: 39.8 40.6
Households: 6,252 12,222

Contact

Photograph of Listing Agent

William P. Lagman

Coastal Real Estate Center, LLC Gulf Coast CMLS Member
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