Free-Standing Retail For Sale

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30712618
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 2,400 SF
Gross Land Area: 0.29 Acres
Sale Price: $299,000
Unit Price: $124.58 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

Free Standing Retail Commercial with Direct Frontage on Highway 59, Concrete Block building, has recently been gutted with New Roof after Sally. This property has a dedicated easement from the rear that gives easy access to the Red Light on the corner of Hwy 59 and W Berry Ave. Potential uses are fast food drive through, office space, medical, retail, an special purpose. Less than a half a mile south of South Baldwin Regional Medical Center, which recently announced a $170,000,000 expansion and renovation project. 10 Blocks North of Hwy 98, this area is the Downtown Foley walking district. To the West are residential neighborhoods, Schools, Parks, and the Foley Airport. Directly to the East the Baldwin County Satellite Court House, Building Department, Probate, Sherriff’s Department, Foley Police Department, and Industrial Complex.

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Foley
Tax ID/APN: 05-54-04-20-4-000-064.001
Zoning: B-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Downtown Cigar and Anthony's Bridal
Property Visibility: Excellent
Largest Nearby Street: Highway 59
Feet of Frontage: 71
Highway Access: Direct access to HWY 59
Airports: Foley
Site Description: Level with existing structure and access in place.
Area Description: Located just north of Downtown Foley and Hwy 98
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Good
Year Built: 1989
Construction/Siding: Stucco
Total Parking Spaces: 20
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: B-1A General Commercial, Uses/Structures Permitted: Stores selling food, restaurants/drive-in eating places, general merchandise, apparel, furniture, housewares and household wares, drugs and sundries, jewelry, gift items, flowers, sporting goods, and similar types; small dry cleaning and laundry pick-up stations; barber and beauty shops; shoe repair shops; offices; banks; post offices and similar services; any retail business not specifically restricted herein, places of amusement and assembly, hotels.
Lot Frontage: 71 Ft
Lot Depth: 236 Ft
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 71.34' X 236.18' IRR LOT 7A RESUBDIVISION OF LOT 7 BLK 8 MAG NOLIA SPRINGS LAND CO SUB SLIDE 1193-B IN THE CITY OF FOLEY SEC 20-T7S-R4E (CLERKS D)(WD)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,996 13,632 22,593
Median Age: 47.8 39.05 40.71
Households: 830 5,592 9,131

Contact

Photograph of Listing Agent

Lydia Franz

Re/Max Orange Beach Gulf Coast CMLS Member
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