INCOME PRODUCING, MULTI-TENANT, COMMERCIAL KITCHEN

Multi-Family for Sale
Catylist Listing ID: 30630231
Number of Units: 4 Units
Building Size (RSF): 1,700 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 Acres
Sale Price: $405,000
Unit Price: $101,250 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

Icon building on Hwy 59 in downtown Foley Al. 45,000 vehicles per day . Great frontage location / business opportunity. Owner retiring. Property includes commercial kitchen and multi-tenants. Zoning B-1.

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Financials

Finance Data Year 2020
Potential Rental Income $28,800 (Annual)

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: BALDWIN COUNTY
Tax ID/APN: 05-54-09-29-1-000-097.000
Zoning: B-1
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Roof Type: Arched
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 100' X 125' LOTS 15,16,17,& 18 BLK 19 CITY OF FOLEY SUB PB1 PG29 IN CITY OF FOLEY SEC 29-T7S-R4E (VL)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,319 15,850 22,593
Median Age: 42.62 40.87 40.71
Households: 1,364 6,549 9,131

Contact

Photograph of Listing Agent

Gene Evans

Avast Realty, LLC Gulf Coast CMLS Member
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