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Historic Restaurant With Event Space
For Sale
$1,395,000

209 Laurel Avenue W, Foley, AL 36535

Commercial Sale, Foley, AL

Property Size12,000 SF
Lot Size0.32 Acres
Price / SF$116.25
Days on Market52

Property Features for 209 Laurel Avenue W

General Information

Property type Commercial Sale
Property subtype Other
Zoning B-1
Parking 10
Parking features Parking Lot
Lot features Level
Standard status Active
APN 5409294401041000
Size 12,000 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Annual Amount 5405

Utilities

Heating system Central
Cooling system Electric

Building Details

Year built 1912
Floors in Building 1
Flooring type Carpet, Vinyl
Listing Agency: Keller Williams Mobile · Keller Williams Realty
Listed By: Devin Schaff
Added: Jul 17 Changed: Sep 1 Last Checked: Sep 6 at 8:06AM
MLS# 7808598

Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 209 Laurel Avenue W in downtown Foley, this B-1-zoned property combines a restaurant layout with dedicated event space. The building dates to 1912 and retains pine beadboard walls, stained and leaded glass windows, chandeliers, and a fireplace. Two separate entrances support concurrent use of the interior areas.

The restaurant infrastructure remains in place, with most kitchen equipment included. Ovens and stoves were replaced within the last year, and additional updates include an air conditioner, water heater, and selected bathroom flooring. Front parking extends along the adjoining side streets, while a separate rear area serves employees. Tables, chairs, and some additional furniture may remain. The sale includes the building, not the operating business, and is offered as-is.

Key Highlights

  • 1912 building with pine beadboard, stained and leaded glass, chandeliers, and fireplace
  • B‑1 zoning at 209 Laurel Avenue W, Foley, AL 36535
  • Restaurant setup includes most kitchen equipment; ovens and stoves replaced within the last year

Property Analytics

Current Use

The Gift Horse Restaurant ... Restaurant

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Catering Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

955
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use

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 0.0 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established commercial building includes restaurant infrastructure, event areas, separate entrances, and parking for visitors and staff.
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 $1,395,000.
What are key features of this property?
This property features: 1912 building with pine beadboard, stained and leaded glass, chandeliers, and fireplace; B‑1 zoning at 209 Laurel Avenue W, Foley, AL 36535; Restaurant setup includes most kitchen equipment; ovens and stoves replaced within the last year
More about this property
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