Foley Automotive Shop
Special Purpose
for Sale
| Catylist Listing ID: |
30871917 |
| Building Size (RSF): |
7,900 SF
|
| Gross Land Area: |
0.29 Acres
|
| Sale Price: |
$2,100,000 |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Usable Size (USF): |
7,900 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/16/2024 |
Overview / Comments
Introducing a prime investment opportunity in Foley, AL! The 7,900 +/- sq. ft. building, constructed in 1930 and part of the Foley Historic District, offers an ideal space for redevelopment into a hospitality or retail concept, whether an event venue, restaurant, coffee shop, beauty salon, or retail boutique. It could also work well as a prospective office building! The building is in a highly visible spot along N. McKenzie St/Highway 59, one of the main routes to popular beaches. This location is near popular eateries and diagonal from Foley Centennial Plaza, which hosts many events.
Zoned B-1 and strategically located in the heart of the Foley, this property presents a rare chance to capitalize on a sought-after location in a growing market. Due to its designation as part of Foley’s Historic Main Street District, there may be grants available to assist with revitalization.
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Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-54-09-29-1-000-172.000 |
| Zoning: |
B-1 |
| Property Located Between: |
HWY 59 (N McKenzie Street) and N Alston Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
HWY 59 (N McKenzie Street) |
| Feet of Frontage: |
100 |
| Traffic/Vehicle Count: |
27,699 |
| Highway Access: |
HWY 59 (N McKenzie Street) |
| Airports: |
KMOB, KBFM, KPNS |
| Area Description: |
Foley is strategically located within Baldwin county, the 10th fastest growing metro region in the USA in 2023. It offers access to a wide range of amenities, including Tanger Outlets, OWA amusement park, and the white-sand beaches of Gulf Shores and Orange Beach. Foley itself has a thriving, pro-business environment, along with strong population growth. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
7,900 SF |
| Property Condition: |
Fair |
| Year Built: |
1930 |
| Construction/Siding: |
Brick |
| Exterior Description: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
~20 parking spots |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Zoning Description: |
B-1 CENTRAL BUSINESS DISTRICT
A. 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; pet grooming; offices; banks; post offices; churches; daycares and similar services; joint residential and commercial use; any retail business not specifically restricted herein, class 4 clubs and lodges, places of amusement and assembly, hotels.
B. Uses / Structures Permitted on Appeal: Automobile filling stations, motels, automobile repair (minor and major), large dry cleaners and laundries, veterinary clinics / hospitals, manufacturing incidental to a retail business where articles are sold at retail on the premises, other uses not specifically restricted herein; storage structures / open space; home based businesses; and home occupations.
C. Uses / Structures Prohibited: Any use or structure not specifically permitted or permitted on appeal in this section or in Section 13.1.1 or 13.1.2 of Article XIII, including kennels; poultry and livestock; towing company storage yard; industrial uses not specifically permitted herein; mobile / manufactured dwellings; modular dwellings; R.V.’s; and wholesale businesses.
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| Lot Frontage: |
100 |
| Lot Depth: |
125 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
CITY OF FOLEY SUBD SEC 29 BLOCK 8 LOT 21-24 PB1 PG25 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,319 |
15,850 |
20,555 |
| Median Age: |
42.62 |
40.87 |
40.52 |
| Households: |
1,364 |
6,549 |
8,316 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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