Catylist ID:
#30866055
Michigan Avenue Office/Retail/Commercial Building
Office
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: | 30866055 |
| Property Subtypes: | Medical, Mixed Use, Office Building, Other |
| Building Size (RSF): | 5,000 SF |
| Gross Land Area: | 20,000 SF |
| Sale Price: | $750,000 - 800,000 |
| Unit Price: | $150 - 160 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Business |
| Class of Space: | Class B |
| Usable Size (USF): | 5,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/22/2024 |
Overview / Comments
|
Location! Road frontage to Michigan Ave ( Co Rd 26) between HWY 59 and Co Rd 65 in the heart of Foley—just 3.8 miles from South Baldwin Regional Medical Center. Enter the storefront into a 35 x 27 lobby/showroom with front desks, his and her bathrooms, and 2 private large offices. Exit the back of the lobby into a 16 x 37 flex space with attached private office. The flex space opens into a huge 49 x 36 room with adjacent full kitchen, serving room, full bathroom and laundry room with washer and dryer. This space has previously been used as an Adult Day Care Center that provided services to include supervised care, physical therapy, regular haircuts, breakfast, lunch, and a snack, as well as space for recreation such as playing cards, bingo, etc. The space was previously used as a church as well as a hair salon and spa. With close proximity to the hospital, this space would also flourish as a medical practice—offering a waiting room and reception area at the front entrance, several private offices as well as a large space for physical therapy or other needs. This building could serve for a variety of other needs as well. The show rooms would be great for retail space, staging furniture, appliances, a lighting or plumbing fixture store, or a pawn shop. There’s enough space for a distribution center with private offices as well. With the full kitchen, you could open a poolhall or arts and crafts center and serve food and beverages or serve as a commissary for food trucks. The space could also be a daycare with several multi-purpose rooms for various activities and age groups. There's a lighted sign at the road with good visibility. Owner is looking for a long-term tenant of 5+ years and is willing to make some modifications to the building to suite the new tenant. Owner will also consider selling the property. |
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Tax ID/APN: | 05-54-09-31-0-000-005.006 |
| Property Located Between: | Highway 59 and county Road 65 on County Road 26 (Michigan Ave) in Foley |
| Property Visibility: | Excellent |
| Highway Access: | 1 mile from HWY 59. 1/2 mile from Co Rd 65. 3.8 Miles to Baldwin Beach Express. 1.4 miles to HWY 98 in Foley. |
| Airports: | Pensacola International, Mobile Regional Airport, Foley Municipal Airport, Fairhope Airport |
| Site Description: | 100 x 200 flat lot with 5000 SF metal building with stucco facade storefront. Multiple private offices, lobby/show room, complete kitchen, laundry room, his & her bathrooms, full bath, and flex space. The entire building is heated and cooled, and it was completely renovated in 2022. 100 ft of road frontage on Michigan Avenue (aka Co Rd 26) between HWY 59 and Co Rd 65 in Foley. |
| Area Description: | Situated beside several business including Beebe's Pest Control, Baldwin Signs and Graphics, Angel's Automotive, and Home Display Cases. Located just down the road from Hickory Estates, The Village at Hickory Street, and Lafayette Place subdivisions. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 5,000 SF |
| Year Built: | 2005 |
| Year Renovated: | 2022 |
| Roof Type: | Gable |
| Construction/Siding: | Metal Siding, Steel Frame, Stucco |
| Exterior Description: | Stucco facade storefront, corrugated metal building with corrugated metal roof. |
| Parking Ratio: | 5 (per 1000 SF) |
| Parking Type: | Surface |
| Parking Description: | Asphalt Parking Lot with 4 store storefront parking spaces, 2 more spaces by the road (with the potential for 4), and spaces lining the side of the building |
| Total Parking Spaces: | 16 |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Internet Access: | Cable |
| Interior Description: | Open space with some private offices, lobby, his and her bathrooms, large flex space, full kitchen, full bath, laundry room. LVP flooring, painted sheetrock walls. |
| Zoning Description: | Commercial Use |
| Lot Frontage: | 100' |
| Lot Depth: | 200' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Utilities |
| Legal Description: | 100 X 200 Lot 2 Katydid Acres Sub Slide 1598-A Lying In Th E Nw1/4 Of Se1/4 Sec 31-T7s-R4e (Wd) |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,563 | 15,584 | 28,226 |
| Median Age: | 34.38 | 39.8 | 40.63 |
| Households: | 2,266 | 6,252 | 11,473 |
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