FOR SALE: 28,000 SF Retail-Pad

Retail-Commercial for Sale
Catylist Listing ID: 30703676
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Vehicle Related, Other
Building Size (RSF): 1,820 SF
Gross Land Area: 0.64 Acres
Sale Price: $499,000
Unit Price: $274.18 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2021

Overview / Comments

Nestled in the heart of Foley, AL 1101 S Mckenzie St is a 28,000 SF property that includes a 1,820 SF building. This property was previously used as a car lot and is a prime opportunity for a new restaurant, retail shop, or development. This property was renovated in 2011, just a year after it’s initial build, and sees over 30,000 VPD according to FDOT and has several ease of access points with the two main coming from S Mckenzie St.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-08-33-2-000-016.006
Retail Clientele: General, Business
Property Located Between: S. McKenzie St. & W. Michigan Ave.
Property Visibility: Excellent
Largest Nearby Street: S. McKenzie St.
Traffic/Vehicle Count: 36,015
Highway Access: Highway 98
Airports: Pensacola International Airport & Foley Municipal Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,820 SF
Property Condition: Good
Year Built: 2010
Year Renovated: 2011
Roof Type: Hip
Exterior Description: Exterior Type: Corr Metal
Parking Type: Surface
Heat Type: Electricity
Water Service: Municipal
Legal Description: 110.1' X 255' IRR LOT 3 RESUB OF LOT 1 OF BAY COVE SUB SLIDE 1775-B IN THE CITY OF FOLEY SEC 33-T7S-R4E (QCD)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,323 15,850 24,157
Median Age: 34.81 40.87 40.4
Households: 534 6,549 9,830

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