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    21040 Miflin Rd Foley, AL 36535

    Source: https://www.saltercompany.com
    For Sale
    $2,250,000

    10-unit retail center, restaurant, storage

    Property size:
    14,000 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    311
    This exceptional 14,000 square foot strip center presents a compelling investment opportunity in Foley, Alabama. Located on Miflin Road, directly across from the popular OWA entertainment destination, this property benefits from high visibility and significant traffic counts. The center comprises ten units, offering a diverse mix of spaces suitable for various tenants. A well-established restaurant serves as a key anchor tenant, providing a built-in customer base and consistent revenue. Further enhancing the income potential is an on-site mini-storage facility, capitalizing on the high demand for such services in this rapidly growing area. The property features ample parking for tenants and customers, and its strategic location near major attractions, shopping centers, and residential communities ensures strong tenant demand and growth potential. With over 242 feet of frontage on Miflin Road, this 1.62-acre property offers unbeatable location, versatility, and income potential in one of Baldwin County's fastest-developing areas. This is a rare opportunity for investors and owner-operators seeking a high-return commercial investment in a prime location.

    Property Features for 21040 Miflin Rd

    General Information

    Property type
    Restaurants
    Square Feet
    14,000 SF
    Price / Square Foot
    $160
    Elevators
    N/A
    Lot Size
    70,567 SF

    Building Details

    Year Built
    2006
    Buildings
    2
    Stories
    1
    Units
    10

    HighLights

    • 14,000 square foot strip center with ten units in Foley, Alabama.
    • Includes an established restaurant and mini‑storage facility, generating multiple income streams.
    • High‑visibility location on Miflin Road, across from OWA, offering strong growth potential.
    Insight Report Location Intelligence

    Current Use by Public Records

    Loan Tran Physical Therapist WorkReady, LLC Business To Business Service Workforce Housing Alliance ... Non-Governmental Organization Gulf Coast Therapy Occupational Therapist Back on Track Medical ... Weight Loss Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Auto Repair Shop Wholesale Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    State
    Alabama
    Longitude
    -87.665867
    Latitude
    30.369707

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    FAQs

    What type of property is this?
    Restaurant - 10-unit retail center, restaurant, storage
    Where is this restaurant located?
    The property is located at 21040 Miflin Rd Foley, AL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 14,000 square foot strip center with ten units in Foley, Alabama.; Includes an established restaurant and mini-storage facility, generating multiple income streams.; High-visibility location on Miflin Road, across from OWA, offering strong growth potential.
    (850) 564-0120
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    21040 Miflin Rd Foley, AL 36535
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    Foley, AL 36535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21040 Miflin Rd Foley, AL 36535
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