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    18299 US Highway 98 Foley, AL 36535

    Source: https://www.saltercompany.com
    For Sale
    $575,000

    Versatile 3,590 SF space, prime location.

    Property size:
    3,590 SF

    Description

    Added:
    Feb 28, 2025
    Days on Market:
    290
    This 3,590 square foot commercial property in Foley, Alabama, presents a unique investment opportunity. Situated on a spacious 1.03-acre lot at 18299 US Highway 98, this property boasts exceptional visibility and accessibility. Its flexible layout is adaptable to various commercial uses, including office, retail, and service businesses. Recent improvements include a new HVAC main system and ductwork, a new on-demand electric water heater, and fresh attic insulation. Adding to its versatility are two newly installed barns, providing ample storage or workshop space. The property's prime location on US Highway 98 ensures high traffic visibility, making it ideal for businesses seeking strong exposure. Whether you envision an office space, retail outlet, service business, storage facility, workshop, or light manufacturing operation, this property offers the potential to accommodate a wide range of commercial ventures. The combination of its flexible design, recent upgrades, and strategic location makes this a compelling opportunity for growth and expansion. The asking price is $575,000.

    Property Features for 18299 US Highway 98

    General Information

    Property type
    Residential offices
    Square Feet
    3,590 SF
    Price / Square Foot
    $160
    Class
    C
    Elevators
    N/A
    Net Rentable
    1,490 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built/Renovated
    1955/2008
    Buildings
    1
    Stories
    1

    HighLights

    • 3,590 sq ft commercial property in Foley, AL, on a 1‑acre lot.
    • Features two new barns and recent HVAC, water heater, and insulation upgrades.
    • Prime US Highway 98 location offers exceptional visibility and accessibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    Residential offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    State
    Alabama
    Longitude
    -87.712216
    Latitude
    30.407176

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    FAQs

    What type of property is this?
    Residential office - Versatile 3,590 SF space, prime location.
    Where is this residential office located?
    The property is located at 18299 US Highway 98 Foley, AL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 3,590 sq ft commercial property in Foley, AL, on a 1-acre lot.; Features two new barns and recent HVAC, water heater, and insulation upgrades.; Prime US Highway 98 location offers exceptional visibility and accessibility.
    (251) 948-8000
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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
    18299 US Highway 98 Foley, AL 36535
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