Spectacular Business Opportunity in the Heart of Foley!

Retail-Commercial for Sale
Catylist Listing ID: 30843085
Property Subtypes: Car Wash, Other
Building Size (RSF): 1,000 SF
Gross Building Area: See Agent
Sale Price: $700,000
Unit Price: $700 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Usable Size (USF): 1,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/28/2024

Overview / Comments

Check out this spectacular passive income-producing opportunity in prime location in Foley w/ B-1 zoning! Offering consists of 2 parcels (PPIN's 93253 & 105804) w/ 170' on Hwy 59 just south of Section Street. Fully operating car wash with NEW paint job (Feb 2024), four total washing bays, & vacuum stations that also can accommodate boats/RV's (1 bay). Cash/Credit/Debit accepted. Property also includes partially fenced vacant parcel directly behind the car wash that would be perfect for storage or an additional income opportunity. Contact Nick Corcoran at 251-968-1000 for more information!

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-54-09-29-1-000-003.002
Retail Clientele: General, Business
Largest Nearby Street: Hwy 59 a/k/a McKenzie St.
Feet of Frontage: 170
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Construction/Siding: Brick
Parking Type: Surface
Zoning Description: Zoned B-1;
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: 1.) 170'(S) X 105'(S) Irr Lots 7, 8 & 9 Blk 58 & The S 20' Of Va Cated Begonia Ave Abutting Sd Lot 4 Magnolia Springs Land Co Addn To Foley Mb1 Pg29 Sec 29-T7s-R4e (Wd) 2.) 70' X 150' Irr Lot 2 Alex's Replat A Replat Of Lots 1, 2 And 3, Block 63 And Lot 1 Block 58 And A Portion Of The Vacated Begonia Avenue In Magnolia Springs Land Company's Addition To Foley Slide 2735-B, Slide 15-A Sec 29-T7s-R4e (Corr Wd) I N#1861266

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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


Photograph of Listing Agent

Kevin S. Corcoran

RE/MAX of Gulf Shores Gulf Coast CMLS Member
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