Historic Restaurant and Event
209 W Laurel Avenue Foley, AL 36535
New
209 W Laurel Avenue, Foley, AL, 36535
$1,495,000
For Sale
$1,495,000
COMMERCIAL - Foley, AL
Property Size12,000 SF
Lot Size0.32 Acres
Price / SF$124.58
Days on Market5
Property Features for 209 W Laurel Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-1
- Parking
- 10
- Parking features
- Parking Lot
- Standard status
- Active
- 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
(251) 662-5660
Listed by
Devin Schaff
(251) 404-1669
Added: Jul 17 Updated: Jul 21 at 7:22PM Checked: Jul 21 at 8:06PM
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.
This historic commercial building has been preserved and remains set up as a restaurant and an event venue. Portions were built in 1912, and since 1984 it has operated as the Gift Horse restaurant and events venue. The property includes restaurant-supporting kitchen equipment, with some equipment and several major items including ovens and stoves replaced within the last year. Recent updates noted include an air conditioner, a water heater, and some flooring in the bathrooms. Interior details include pine beaded board walls, stained and leaded glass windows, chandeliers, and a fireplace. The building also offers two distinct entrances, allowing for multiple event activities to take place at the same time.
The property is located in the heart of downtown Foley and is described as being about one block from Highway 59. Parking is available in the front along adjoining side streets for visitors and guests, with separate parking in the back for employees. The seller indicates tables and chairs and some additional furniture may be left with the property; no antiques are included and will be removed prior to possession.
For sale as a building only (not the business) and sold as-is. Buyer is responsible for confirming square footage and completing all due diligence and inspections.
The property is located in the heart of downtown Foley and is described as being about one block from Highway 59. Parking is available in the front along adjoining side streets for visitors and guests, with separate parking in the back for employees. The seller indicates tables and chairs and some additional furniture may be left with the property; no antiques are included and will be removed prior to possession.
For sale as a building only (not the business) and sold as-is. Buyer is responsible for confirming square footage and completing all due diligence and inspections.
Key Highlights
- Parts of the building were built in 1912 and it has operated as a restaurant and events venue since 1984.
- Over 12,000 ft² per seller; still set up as a restaurant and event venue with interior restaurant/event features.
- Majority of the kitchen equipment remains; ovens and stoves were replaced within the last year.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Gift Horse Restaurant ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Historic restaurant and event venue with two entrances, updated mechanicals, and on-site parking for visitors and employees.
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 $1,495,000.
What are key features of this property?
This property features: Parts of the building were built in 1912 and it has operated as a restaurant and events venue since 1984.; Over 12,000 ft² per seller; still set up as a restaurant and event venue with interior restaurant/event features.; Majority of the kitchen equipment remains; ovens and stoves were replaced within the last year.
