8388 AL-59 Foley, AL 36535
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Property Features for 8388 AL-59
General Information
- Property type
- Other retail properties
- Square Feet
- 9,910 SF
- Price / Square Foot
- $168
- Total Parking Spaces
- 54
- Elevators
- N/A
- Net Rentable
- 9,015 SF
- Lot Size
- 47,903 SF
Building Details
- Year Built
- 2008
- Buildings
- 1
- Stories
- 1
Overview
Foley Retail Center Investment Opportunity
This 9,218 square foot shopping center is located in Foley, Alabama, within the rapidly growing Baldwin County. Situated on 1.0997 acres, the property is positioned one mile from major retailers such as Lowe's, Home Depot, and Chick-fil-A, and minutes away from Tanger Outlets and OWA Theme and Water Parks. The center features five stores and provides 55 parking spaces. With 153 feet of road frontage on Highway 59, the location benefits from a traffic count of 36,000 vehicles per day. The property currently generates rental income at $13.78 per square foot, which is below market rates of $16.00-$18.00 per square foot. Value-add opportunities include increasing rents, converting leases to NNN leases, and monetizing the monument sign, as well as the potential sale of the Lamar sign. The property has undergone recent renovations and is in excellent condition.
HighLights
- 9,218 sq ft shopping center in Foley, Alabama's rapidly growing Baldwin County.
- Prime location near major retailers like Lowe's and Home Depot, plus Tanger Outlets.
- Significant value‑add potential: increase rents, convert leases, and monetize signage.
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Map
- City
- Foley
- State
- Alabama
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - Thriving Foley location, high-traffic area.
Where is this other retail property located?
The property is located at 8388 AL-59 Foley, AL.
What is the asking price?
The asking price for this property is $1,670,000.
What are key features of this property?
This property features: 9,218 sq ft shopping center in Foley, Alabama's rapidly growing Baldwin County.; Prime location near major retailers like Lowe's and Home Depot, plus Tanger Outlets.; Significant value-add potential: increase rents, convert leases, and monetize signage.
