Commercial Property - Foley, AL

Retail-Commercial for Sale
Catylist Listing ID: 30733347
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 4,862 SF
Gross Land Area: 9,375 SF
Sale Price: $399,000
Unit Price: $82.06 PSF
Ceiling: 9 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Foley Onlooker Building
Usable Size (USF): 4,862 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2021

Overview / Comments

Located in the heart of downtown Foley, this property consists of an existing building (4,862 ± SF) plus adjacent land (3,100 ± SF) for expansion. The property has 75' of frontage on the west side of State Highway 59 (N. McKenzie Street), with traffic counts of approximately 30,000 VPD. The building has been partially renovated as creative office space. In addition to on-street and rear alley parking, access to public parking lots adds to the appeal of the property. The property is located in an Opportunity Zone, providing for potential tax incentives.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-54-09-29-1-101-003.000
Zoning: B-1 / CITY OF FOLEY
Retail Clientele: General, Business
Property Located Between: Foley Coffee Shop and ABC Store
Property Visibility: Excellent
Largest Nearby Street: State Highway 59
Feet of Frontage: 75
Highway Access: Direct access / frontage
Site Description: Historic Downtown / Urban site
Area Description: Walkable / Downtown
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,862 SF
Property Condition: Good
Year Built: 1911
Year Renovated: 2016
Construction/Siding: Block
Parking Type: Surface, Other
Parking Description: On-street, alley, public parking lot
Sprinklers: None
Air Conditioning: Package Unit
Interior Description: Partially renovated as creative office space, with shiplap wall and barn doors. Unfinished area in the rear.
Zoning Description: B-1 / City of Foley
Lot Frontage: 75
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple

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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

Contact

Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL
Gulf Coast CMLS Member
Photograph of Listing Agent

Steadman Bethea

Stirling Properties Mobile Gulf Coast CMLS Member
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