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: |
10/15/2021 |
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) |
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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