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Historic Restaurant and Event Venue
For Sale
$1,395,000

209 W Laurel Avenue, Foley, AL 36535

Pine beadboard, stained glass, chandeliers, and a fireplace define the interior.

Property Size12,000 SF
Days on Market33

Property Features for 209 W Laurel Avenue

General Information

Standard status Active
Size 12,000 SF
Property subtype Commercial

Additional Details

Furnished Yes
Highway Access Yes
Equipment Included Yes

Amenities

two distinct entrances
pine beaded board walls
stained glass and leaded glass windows
chandeliers
fireplace

Building Details

Building Size 12,000 SF
Year Built 1912
Buildings 2
Stories 1
Listing Agency: Keller Williams - Mobile
Listed By: Devin Schaff
Source: Kimwardrealty
Added: Jul 17 Changed: Aug 14 Last Checked: Aug 17 at 11:59PM

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 Keller Williams - Mobile

Investment Insights

Based on property information with market context.

This historic commercial building offers more than 12,000 ft² per seller and is configured for restaurant and event operations. Originally built in 1912, the property retains pine beadboard walls, stained and leaded glass windows, chandeliers, and a fireplace. Much of the kitchen equipment will remain, including ovens and stoves that were replaced within the last year. Additional updates include an air conditioner, water heater, and selected bathroom flooring.

Two separate entrances allow events to operate concurrently within the building. Visitor parking is available at the front and along adjoining side streets, with separate employee parking at the rear. The property is located at 209 W Laurel Avenue in downtown Foley, one block from Highway 59. Tables, chairs, and some additional furniture may remain; antiques are excluded. The sale includes the building, not the business, and is offered as-is.

Key Highlights

  • More than 12,000 ft² per seller; configured for restaurant and event use
  • Parts of the building date to 1912
  • Two distinct entrances for simultaneous events

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

171
Businesses Nearby
Under-served
Demand for This Use

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 - Pine beadboard, stained glass, chandeliers, and a fireplace define the interior.
Where is this conventional restaurant located?
The property is located at 209 W Laurel Avenue 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: More than 12,000 ft² per seller; configured for restaurant and event use; Parts of the building date to 1912; Two distinct entrances for simultaneous events
More about this property
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