Two-Building Downtown
For Sale
$599,000
225 W Laurel Ave, Foley, AL 36535
Flexible commercial property with B-1 zoning, room-by-room water access, and a rear structure added in 2024.
Property Size3,836 SF
Price / SF$156.15
Days on Market58
Property Features for 225 W Laurel Ave
General Information
Standard status
Active
Size
3,836 SF
Zoning
B-1
Building Details
Year Built
1947
Buildings
2
Listing Agency:
Waters Edge Realty
Listed By:
April H Hunt · License #112454
(318) 773-8606
Source:
Coastalalabamahomesforsale
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 7 at 3:26PM
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 Waters Edge Realty
Investment Insights
Based on property information with market context.
This commercial property includes a 1,900-square-foot front building constructed in 1947 and a separate 1,800-square-foot rear structure completed in 2024. The front building is currently used as a coin shop and was formerly a dentist office. Water access is stubbed into every room, supporting potential conversion for retail, office, medical, salon, spa, or other specialty operations, subject to applicable approvals.
Located at 225 W Laurel Ave in Foley’s Historic Downtown District, the property carries B-1 Central Business District zoning and falls within the Historic Overlay District. The zoning supports uses including retail stores, offices, restaurants, and personal service businesses, with additional conditional uses identified in the source information. The rear building can provide space for storage, workshop functions, expansion, or a separate business operation.
Located at 225 W Laurel Ave in Foley’s Historic Downtown District, the property carries B-1 Central Business District zoning and falls within the Historic Overlay District. The zoning supports uses including retail stores, offices, restaurants, and personal service businesses, with additional conditional uses identified in the source information. The rear building can provide space for storage, workshop functions, expansion, or a separate business operation.
Key Highlights
- Two‑building property with 1,900 SF front building and 1,800 SF rear structure
- Rear structure added in 2024
- B‑1 Central Business District zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,743
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,860
$894.9K
Cap Rate 7%
$639,186
$639.2K
Cap Rate 9%
$497,144
$497.1K
Market Conditions
NOI Build-Up for 3,836 SF
Gross rent
$73.7K $19.20/SF
− Vacancy
−$14.0K −$3.65/SF
EGI
$59.7K $15.55/SF
− OpEx
−$14.9K −$3.89/SF
NOI
$44.7K $11.66/SF
Area
Baldwin County, AL
Vacancy
19.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,860
Cap Rate 7%
$639,186
Cap Rate 9%
$497,144
Alternative Uses
Best Use
Office B
$639.2K
$559.3K – $745.7K
NOI $44,743 @ 7.0% cap · market cap 7.47%
Second Best
Retail
$589.7K
$516.0K – $688.0K
NOI $41,277 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$922.5K
$807.2K – $1.08M
NOI $64,574 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial property with B-1 zoning, room-by-room water access, and a rear structure added in 2024.
Where is this storefront property located?
The property is located at 225 W Laurel Ave Foley, AL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑building property with 1,900 SF front building and 1,800 SF rear structure; Rear structure added in 2024; B‑1 Central Business District zoning
