213 Mckenzie Street Foley, AL 36535
Historic 1918 restaurant building with recent roof, HVAC, expanded prep kitchen, and included equipment, operated as a turnkey business.
Property Features for 213 Mckenzie Street
General Information
- Standard status
- Active
- Size
- 2,160 SF
Listing office RE/MAX of Orange Beach (251) 228-2115
Listing date May 18, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Orange Beach
Investment Insights
Based on property information with market context.
The property offers visibility and convenient access to city-owned parking in the front, rear, and side of the building. It is positioned in downtown Foley near community events and year-round tourism traffic.
The sale also includes established branding and goodwill. Buyer to verify all information during due diligence.
Key Highlights
- Historic 1918 commercial building in Downtown Foley with approx. 2,160 SF and recent modern improvements
- Recent upgrades include new roof and updated HVAC, plus a new hood vent motor
- Expanded prep kitchen with additional plumbing and electrical
Local Financial Insights For Specialty Retail
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 | $36.8k | $17.04 |
| − Vacancy | −$2.1k | −$0.99 |
| EGI | $34.7k | $16.05 |
| − OpEx | −$8.7k | −$4.01 |
| NOI | $26.0k | $12.04 |
