2.13 Acres on Hwy 98, Zoned B2

Vacant Land for Sale
Catylist Listing ID: 30598304
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 2.13 Acres
Sale Price: $325,000
Unit Price: $152,582 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

With Performance Rehab next door, Coastal Health Institute across the street, and other medical offices on this block, this site is deemed the heart of Foley's "Medical District", making it the perfect place for a doctor's office or the like. But with 250± feet of frontage directly on Hwy 98 (W Laurel Ave), this site would be excellent for any business! Being within 1 mile from Hwy 59, Foley Sports Plex, Foley Elementary & Middle Schools, and within 2.5 miles of Foley Intermediate & High Schools, this property is able to provide your business with ample visibility and foot traffic. Foley is located in the fastest growing county in the state, Baldwin County, making this prime location a hot commodity in today's booming market.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-09-29-2-000-114.058
Zoning: B2
Property Located Between: On Hwy 98 between N Hickory St. and S Cedar St.
Property Visibility: Excellent
Legal Description: 246.9' X 375.9' IRR LOT 1 - 98 WEST SUBDIVISION IN CITY OF FOLEY SLIDE 1727-B SEC 29-T7S-R4E (WD)
Largest Nearby Street: US Hwy 98
Feet of Frontage: 247
Traffic/Vehicle Count: 8,995
Highway Access: Frontage directly on Hwy 98, near intersection of Hwy 59.
Airports: Foley Municipal Airport- 1.9miles, Fairhope Airport- 14.9 miles, Pensacola International Airport- 32.7 miles
Site Description: Property is rectangular in shape with 247± feet of frontage on directly on Hwy 98. Site is close to Foley schools and on route for beach-goers. With a central location in Foley's Medical District, site would be excellent for a doctor's office.
Area Description: •2.13± Acres with B2 Zoning •246.9± Foot Frontage on Hwy 98/ W Laurel Ave •5 Blocks from Hwy 59; Proximal to Foley Schools •Adjacent to Performance Rehab and across from Coastal Health Institute •Heart of Foley's "Medical District" • Average of 8,995 vehicles pass each day • PPIN: 35242 • 5% to Buyer's Agent
Lot Frontage: 247 feet
Lot Depth: 375 feet
Zoning Description: B-2 Neighborhood Business District of Foley, AL
Topography: Level
Available Utilities: Electric, Water, Sewer, Cable, Internet Access

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,297 13,909 23,699
Median Age: 36.18 39.37 40.3
Households: 901 5,577 9,550


Photograph of Listing Agent

Cheryl Stovall

NAI Mobile, LLC Gulf Coast CMLS Member
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