1.2 Acres on Highway 59, Foley, Alabama

Vacant Land for Sale
Catylist Listing ID: 30085141
Property Subtypes: Office, Retail
Gross Land Area: 1.20 Acres
Sale Price: $679,500
Unit Price: $566,250 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2018

Overview / Comments

GREAT Location!! Available 1.2 Acres For Sale on corner of E. Peachtree & N. McKenzie Street on State HWY 59, Foley, Alabama with approximately 119' road frontage. Ideal business opportunity for land development, gas station/convenience store, fast food restaurant, office, etc..
Surrounded by South Baldwin Regional Medical Center, South Baldwin Neurology, Cardiology Associates, and other medical offices.
On the drive path to the beaches and easy access to residents. Located just 15 minutes from Gulf Shores, the frontage is exposed to over 35,760 VPD on Hwy 59. Area has over 184,375 permanent residents & boasts a healthy level of 4 million tourists per year. The region is home to over 60 miles of sugary, white beaches and over 17,120 condos, motels & hotels to accommodate them.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-05-21-2-000-002.000
Zoning: B1-A
Property Located Between: Peachtree Avenue and Rosetta Avenue
Property Visibility: Excellent
Legal Description: 163'(S) 155.3'(D) X 192.9' IRR LOT 1 PEACHTREE CENTER COMMERCIAL PARK SLIDE 1509-A LESS R/W CITY OF FOLEY SEC 21-T7S-R4E (WD)
Largest Nearby Street: N. McKenzie Street
Feet of Frontage: 119

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,342 9,392 24,860
Median Age: 47.64 41.22 40.51
Households: 1,852 3,860 9,980
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