Building for Sale or Lease in Downtown Foley

Office for Sale
Catylist Listing ID: 30814880
Property Subtypes: Governmental, Institutional, Medical, Flex Space, Office Building, Research & Development
Building Size (RSF): 13,857 SF
Gross Land Area: 0.97 Acres
Sale Price: $1,950,000
Unit Price: $140.72 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Former Fortis College
Class of Space: Class B
Usable Size (USF): 13,857 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2023

Overview / Comments

Investment or future redevelopment opportunity in Foley! Large building located only blocks from Highway 59 at Highway 98, and in the Opportunity Zone. The building was fully renovated in 2012 for Fortis College. Property boasts ample parking for just about any use, and includes a ±1,400 SF cottage that could be renovated for future use. Building has multiple entrances and could easily be divided for several tenants or users. Building is for sale or lease.

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-54-08-28-3-000-011.000
Zoning: MIXED
Property Located Between: Hwy 59 & Juniper
Property Visibility: Excellent
Highway Access: Located directly on Highway 98, just East of Highway 59
Total Number of Buildings: 2
Number of Stories: 1
Year Renovated: 2012
Parking Type: Surface
Parking Description: Owner has exclusive rights to the on-street parking lots.
Zoning Description: Zoned B1-A & M-1, and located in the Opportunity Zone.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,323 15,850 20,555
Median Age: 34.81 40.87 40.52
Households: 534 6,549 8,316


Photograph of Listing Agent

Robert H. Cook, CCIM

Vallas Realty, Inc. Gulf Coast CMLS Member
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