13 Tenant Strip Center on Hwy 59 in Foley (High Traffic Area)
Shopping Center
for Sale
| Catylist Listing ID: |
30862130 |
| Property Subtypes: |
Strip Center
|
| Building Size (RSF): |
12,000 SF
|
| Gross Land Area: |
1 - 3 Acres
|
| Sale Price: |
$2,900,000 |
| Unit Price: |
$241.67 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Parkway Plaza |
| Usable Size (USF): |
12,000 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/24/2024 |
Overview / Comments
Parkway Plaza, is an eye catching strip mall strategically positioned along Highway 59. This complex comprises 13 rental spaces, ranging from 450 to over 2000 sqft., ensuring a versatile retail landscape. With a 100% occupancy rate and a stellar tenant mix, this 12,000 sqft haven thrives with long-term lessees easy access, ample parking, and an income producing sign on the south end of the property. The building's roof was replaced in 2021, and new flooring was installed the same year. Additionally, all parking lots were upgraded wit LED light fixtures in 2022.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-61-03-08-4-001-033.000 |
| Zoning: |
B-1A |
| Retail Clientele: |
General, Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Hwy 59 |
| Feet of Frontage: |
250 |
| Highway Access: |
Located on Hwy 59 just North of county road 12, and minutes from Gulf Shores. |
| Airports: |
Jack Edwards, PNS, MOB |
| Site Description: |
High visibility and ease of access from Hwy 59. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick/Aluminum Siding |
| Parking Type: |
Surface |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
12,813 |
24,310 |
| Median Age: |
39.09 |
39.67 |
| Households: |
5,310 |
10,232 |
|
© 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.
|
