Historic Restaurant and Event
For Sale
$1,495,000
209 Laurel Avenue W, Foley, AL 36535
Historic building set up as a restaurant and event venue, with two entrances and recent equipment and building updates.
Property Size12,000 SF
Price / SF$124.58
Days on Market47
Property Features for 209 Laurel Avenue W
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
10
Zoning
B-1
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,405
Amenities
Active
45292618
One
yes
Carpet, Vinyl
Electric
Central
Loading (None)
Other
Level
14000.184
10
Square Feet
Road Frontage (100)
Parking Lot, See Remarks
Pillar/Post/Pier, Slab
City Street
140 x 100
2
Building Details
Year Built
1912
Buildings
2
Listing Agency:
Blackwell Roberts Real Estate
Listed By:
Lydia Blackwell · License #47572
(251) 209-1817
Source:
Realestatestore251.idxbroker
Added: Jul 23
Changed: Aug 8
Last Checked: Sep 7 at 4:40AM
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 Blackwell Roberts Real Estate
Investment Insights
Based on property information with market context.
This historic commercial building is preserved with period features including pine beaded board walls, stained and leaded glass windows, chandeliers, and a fireplace. Parts of the building were built in 1912. Since 1984, it has been operated as the Gift Horse restaurant and events venue, and it is still set up as a restaurant and an event venue.
The property includes two distinct entrances, allowing for multiple events to operate at the same time. The seller reports over a 12,000 square foot building area. Updates include an air conditioner, water heater, and some flooring in the bathrooms, and some kitchen equipment—including ovens and stoves—was replaced within the last year. Ample front parking is available along adjoining side streets for visitors, with separate back parking for employees.
The seller is willing to leave tables and chairs and some additional furniture. The sale does not include antiques, and they will be removed prior to possession. The property is for sale as-is, and buyers should confirm square footage and complete all inspections and due diligence prior to purchase.
The property includes two distinct entrances, allowing for multiple events to operate at the same time. The seller reports over a 12,000 square foot building area. Updates include an air conditioner, water heater, and some flooring in the bathrooms, and some kitchen equipment—including ovens and stoves—was replaced within the last year. Ample front parking is available along adjoining side streets for visitors, with separate back parking for employees.
The seller is willing to leave tables and chairs and some additional furniture. The sale does not include antiques, and they will be removed prior to possession. The property is for sale as-is, and buyers should confirm square footage and complete all inspections and due diligence prior to purchase.
Key Highlights
- Historic building built in 1912, currently set up as a restaurant and events venue in downtown Foley
- Two distinct entrances allow for multiple events happening at the same time
- Includes kitchen equipment: most equipment will remain; some ovens and stoves replaced within the last year
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Home Improvements & Furnishings 2%
Regions Bank
Shops & Services
8,923 visits/mo
0.4 miles
Chevron
Shops & Services
4,627 visits/mo
0.4 miles
Truist
Shops & Services
3,568 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
810 visits/mo
0.2 miles
Badcock Home Furniture & More
Home Improvements & Furnishings
364 visits/mo
0.4 miles
Demographics for 36535, AL
35,484
Population
18,755
Households
1.9
Avg Household Size
46
Median Age
26%
College-Educated
90%
High-School Grad
92.5 sq mi
ZIP Area
384
Density / Sq Mi
$67,013
Median Household Income
$41,574
Median Earnings
$1,168
Median Rent
$250,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Historic building set up as a restaurant and event venue, with two entrances and recent equipment and building updates.
Where is this conventional restaurant located?
The property is located at 209 Laurel Avenue W Foley, AL.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Historic building built in 1912, currently set up as a restaurant and events venue in downtown Foley; Two distinct entrances allow for multiple events happening at the same time; Includes kitchen equipment: most equipment will remain; some ovens and stoves replaced within the last year
