Highway 59 Commercial
14809 State Highway 59 Foley, AL 36535
14809 State Highway 59, Foley, AL, 36535
$2,440,000
For Sale
$2,440,000
Large commercial property with high visibility and development potential.
Property Size45,100 SF
Lot Size15.67 Acres
Price / SF$54.10
Days on Market387
Property Features for 14809 State Highway 59
General Information
- Standard status
- Active
- Size
- 45,100 SF
- Lot size
- 15.67 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1997
Listing Agency
RE/MAX Paradise
(251) 948-8888
Listed by
Bob Shallow · License #13654-1
(251) 948-8888
Source
Exitrealty
Added: Jun 26, 2025 Checked: Jul 16 at 6:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Paradise
Investment Insights
Based on property information with market context.
Located on State Highway 59 in Foley, Alabama, this 15.67-acre property offers a rare commercial opportunity in a rapidly growing area of Baldwin County. The property features 430 feet of frontage on the highly trafficked Highway 59, providing significant exposure to local and tourist traffic heading to Alabama’s Gulf Coast beaches. The site includes a 45,100 square foot clear-span metal building, currently operating as an indoor flea market. The open layout of the building is suitable for various commercial applications, including retail space, a logistics hub, an entertainment venue, or a large-scale storage facility. The flexible interior and surrounding acreage allow for future expansion, parking, or outdoor development. The property is zoned B-1A for commercial use. The location is just minutes from downtown Foley, OWA, and Gulf Shores beaches, offering accessibility and growth potential in a high-demand area.
Key Highlights
- Prime location with 430 feet of high‑visibility frontage on heavily trafficked State Highway 59.
- Large 15.67‑acre B‑1A zoned property suitable for various commercial uses.
- Existing 45,100 SF clear‑span metal building with a flexible, open interior layout.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $335.5k | $7.44 |
| − Vacancy | −$17.4k | −$0.39 |
| EGI | $318.1k | $7.05 |
| − OpEx | −$95.4k | −$2.12 |
| NOI | $222.7k | $4.94 |
45,100 SF · lease $7.44/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.93M
$6.07M – $8.09M
NOI $485,294 @ 7.0% cap · market cap 19.89%
Second Best
Warehouse
$4.07M
$3.56M – $4.74M
NOI $284,660 @ 7.0% cap · market cap 11.67%
Theoretical Best
Office A
$10.85M
$9.49M – $12.65M
NOI $759,195 @ 7.0% cap · market cap 31.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Large commercial property with high visibility and development potential.
Where is this retail space located?
The property is located at 14809 State Highway 59 Foley, AL.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: Prime location with **430 feet of high‑visibility frontage** on heavily trafficked State Highway 59.; Large 15.67‑acre B‑1A zoned property suitable for various commercial uses.; Existing **45,100 SF clear‑span metal building** with a flexible, open interior layout.
