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.
|
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. |
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 |
|
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