Foley AL Warehouse Complex

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30757049
Property Subtypes: Car Wash, Day Care Facility, Free-Standing Building, Garden Center, Movie Theatre, Post Office, Restaurant, Tavern/Bar/Nightclub, Other
Status: Pending/Contingent
Building Size (RSF): 8,700 SF
Gross Land Area: 2 Acres
Sale Price: $694,750
Unit Price: $79.86 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 8,700 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2021

Overview / Comments

This is an existing Office/Warehouse property located on US Hwy 98, 2 miles West of the Hwy 98/Hwy 59 intersection in Downtown Foley, AL. The 2 acre site has two existing buildings on the front portion of the property, with room for construction of an additional building or buildings on the vacant, rear portion of the land.
The front building is 4,500 square feet, with about 774 sq. ft. of heated and cooled office and rest room space, and the balance of open warehouse space. There is a covered loading dock across the entire 75' width of the rear of the building, with 3, 10' x 10' roll up doors, and 3, 3' passage doors. There is also a drive down semi truck height covered loading dock on the East side of the building. The interior eave height is 14' at the front, and slopes to 10' at the rear of the building. This building was occupied by Frito Lay for the past 17 years as their regional office/distribution warehouse, and is now vacant.
The rear building is 4,200 square feet, with about 900 sq. ft. of finished heated and cooled space, and the balance of open warehouse space. There is a single, grade level 12' x 14' high roll up door, and the minimum warehouse eave height is 14'. This building is tenant occupied on a month to month basis. The tenant has indicated that they would very much like to negotiate a Lease with the buyer, and remain in place.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County Alabama
Tax ID/APN: 55-07-25-0-000-113.006 PPIN 222144
Zoning: CITY OF FOLEY B-1A EXTENDED BUSINESS DISTRICT
Largest Nearby Street: US Hwy 98
Feet of Frontage: 140
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Construction/Siding: Metal Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Lot Frontage: 140'
Lot Depth: 630'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 974 15,584 26,482
Median Age: 38.03 39.8 40.72
Households: 367 6,252 10,708

Contact

Photograph of Listing Agent

Marty Donovan

Donovan Realty Inc
Gulf Coast CMLS Member
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