Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1157 S Mckenzie St Foley, AL 36535

    Source: https://www.saltercompany.com
    For Sale
    $995,000

    High-traffic Hwy 59 retail space. Great investment opportunity.

    Property size:
    4,000 SF

    Description

    Added:
    Feb 10, 2025
    Days on Market:
    299
    This exceptional 4,000 square foot commercial building is ideally situated on 0.70 acres of land at 1157 McKenzie Street South (Hwy 59) in Foley, Alabama, 36535. Priced at $995,000, this single-tenant property presents a compelling investment opportunity for entrepreneurs in the hospitality or entertainment sectors. Its prime location along a heavily trafficked highway ensures high visibility and easy customer access. The building's design is well-suited for a bar, tavern, nightclub, or similar establishment. Ample parking is available on the sizable lot, offering potential for future expansion. The freestanding structure provides flexibility for various uses within the retail, restaurant, or nightlife industries. This property represents a rare chance to acquire a well-positioned commercial building in a thriving market. The asking price equates to $248.75 per square foot. This is a turnkey operation perfect for owner-operators seeking a high-impact location.

    Property Features for 1157 S Mckenzie St

    General Information

    Property type
    Other retail properties
    Square Feet
    4,000 SF
    Price / Square Foot
    $248
    Elevators
    N/A
    Lot Size
    30,579 SF

    Building Details

    Year Built/Renovated
    2000/2004
    Buildings
    1
    Stories
    1

    HighLights

    • 4,000 sq ft building on 0.7 acres, ideal for entertainment venues.
    • High‑traffic Hwy 59 location ensures excellent visibility and customer access.
    • $995,000 asking price; $248.75 per square foot.
    Insight Report Location Intelligence

    Current Use by Public Records

    Live Dance Club Live Music + Billiards Bar

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    State
    Alabama
    Longitude
    -87.682699
    Latitude
    30.394042

    Nearby Similar for Sale

    • $139,000

      Luxury RV Resort Lot

      Upscale RV resort lot with lakefront views and premium amenities.
      709 Lago Way, Foley, AL 36535
      View Details
    • $140,000

      Luxury RV Lot with Gazebo

      Improved RV lot at Bella Terra RV Resort with included golfcart.
      325 Portofino Loop, Foley, AL 36535
      View Details
    • $159,900

      Luxury RV Lot in Foley, AL

      Improved RV lot in Bella Terra resort, near Gulf Coast.
      612 Sereno St, Foley, AL 36535
      View Details
    • $1,349,000
      8,468 SF

      Foley Multifamily Investment Opportunity

      Ten remodeled apartment units near Highway 59 in Foley, Alabama.
      606 N Alston St, Foley, AL 36535
      View Details
    • $249,900

      Luxury RV Lot with Casita

      Oversized RV lot with casita in luxury resort.
      419 Portofino Loop, Foley, AL 36535
      View Details
    • $145,000

      Improved RV Lot in Foley

      Deeded RV lot with amenities near beaches and attractions.
      21240 Miflin Rd, Foley, AL 36535
      View Details

    FAQs

    What type of property is this?
    Other retail property - High-traffic Hwy 59 retail space. Great investment opportunity.
    Where is this other retail property located?
    The property is located at 1157 S Mckenzie St Foley, AL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 4,000 sq ft building on 0.7 acres, ideal for entertainment venues.; High-traffic Hwy 59 location ensures excellent visibility and customer access.; $995,000 asking price; $248.75 per square foot.
    (850) 564-0120
    Request Owner's contact information
    1157 S Mckenzie St Foley, AL 36535
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1157 S Mckenzie St
    Foley, AL 36535
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1157 S Mckenzie St Foley, AL 36535
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.