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    Highway 98 Foley, AL

    Source: https://www.saltercompany.com
    For Sale
    $675,000

    Prime 1.7-acre commercial lot, Hwy 98 access.

    Property size:
    74,052 SF

    Description

    Added:
    Feb 18, 2025
    Days on Market:
    298
    This exceptional 1.7-acre development site presents a unique investment opportunity in Foley, Alabama. Located on the Foley Beach Express, this property boasts high visibility and exceptional traffic counts exceeding 24,000 vehicles daily on the Beach Express and 13,000 on Highway 98. The site comprises two parcels (113208 & 278169), totaling 1.7 acres with combined dimensions of approximately 300 feet wide and 246.5 feet deep. Its strategic location adjoins a Circle K, providing convenient access to Highway 98 via a shared access drive. Zoned B-1A Extended Business District, this land offers significant potential for a variety of commercial developments. The high traffic volume and prominent location make this an ideal site for businesses seeking maximum exposure and accessibility. This property is priced at $675,000 and presents a compelling opportunity for investors and developers seeking a high-traffic location in a rapidly growing area. Serious inquiries are encouraged.

    Property Features for Highway 98

    General Information

    Property type
    Other land
    Square Feet
    74,052 SF
    Price / Square Foot
    $9
    Elevators
    N/A
    Lot Size
    74,052 SF

    HighLights

    • Prime 1.7‑acre Foley, AL development site, ideal for commercial ventures.
    • High‑traffic location on Highway 98 and Beach Express, exceeding 37,000 vehicles daily.
    • Zoned B‑1A, offering flexibility for diverse business opportunities near Circle K.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Foley
    State
    Alabama

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    FAQs

    What type of property is this?
    Land - Prime 1.7-acre commercial lot, Hwy 98 access.
    Where is this land located?
    The property is located at Highway 98 Foley, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Prime 1.7-acre Foley, AL development site, ideal for commercial ventures.; High-traffic location on Highway 98 and Beach Express, exceeding 37,000 vehicles daily.; Zoned B-1A, offering flexibility for diverse business opportunities near Circle K.
    (601) 906-4544
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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
    Highway 98 Foley, AL
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