8.5 aces in Foley - Income Producing

Industrial for Sale
Catylist Listing ID: 30876968
Property Subtypes: Mixed Use, Self Storage
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 8.50 Acres
Sale Price: $2,500,000
Unit Price: $250 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2024

Overview / Comments

Don't miss this opportunity! The enclosed building is 10,000sf with 6,000sf used for office area and 4,000 sf for covered garage area. The interior consist of several office, bathrooms, reception area, and kitchen. Currently 36 cover RV/Boat storage with 30 amp outlets plus 44 open storage area. The land and current buildings are for sale along with storage income. You have plenty land to expand for additional storage building to be built. Great exposure on City Rd 65, less than 500 yards from Hwy 98 and 2 miles from Hwy 59.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-54-09-30-0-000-001.008
Zoning: PPD
Highway Access: Located off City Rd 65, north of Hwy 98
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1998
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Heat Type: Electricity
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 5.8 AC(C) COM AT THE NW COR OF SEC 30 RUN E 42.75 TO THE E R W OF CO HWY 65 TH S 1329.2 TH E 580.9 FOR POB TH CONT E 330 TH S 762.9 TH W 330 TH N 764.5 TO POB SEC 30-7 S-R4E (WD) 60 X 580.9 IRR LOT 4 FISHER SUB SLIDE 1794-B LYING IN THE SW1 4 OF NW1 4 SEC 30-T7S-R4E (WD)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 974 15,584 25,376
Median Age: 38.03 39.8 41.12
Households: 367 6,252 10,289

Contact

Photograph of Listing Agent

Doug Grantham

Re/Max of Orange Beach Gulf Coast CMLS Member
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