Two-Building Office
For Sale
$599,000
Pending
225 W Laurel Avenue, Foley, AL 36535
Commercial Sale, Foley, AL
Property Size1,900 SF
Lot Size0.24 Acres
Days on Market184
Property Features for 225 W Laurel Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Directions
From Alabama State Route 59 (S McKenzie St), head west onto W Laurel Ave (at the light near downtown Foley). Continue approximately 0.2-0.3 miles into the downtown area. Property will be on the right at 225 W Laurel Ave, just west of the intersection with N Alston St and near Heritage Park.
Subdivision
Baldwin
Standard status
Pending
APN
54-09-29-4-401-044.000
Lot size
0.24 Acres
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Tax Description
75 X 140 LOT 6 & THE W1 2 OF LOT 7 FOLEY BLK 15
Legal Description
75 X 140 LOT 6 & THE W1 2 OF LOT 7 FOLEY BLK 15
Utilities
Heating system
Central, Electric (Heating)
Building Details
Year built
1947
Floors in Building
1
Roof type
Composition
Buildings
2
Listing Agency:
Waters Edge Realty
(251) 215-1783
Listed By:
April H Hunt · License #112454-1
(706) 575-8800
Added: May 5
Changed: Nov 3
Last Checked: Nov 4 at 11:06AM
MLS# 396099
Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Foley commercial property contains two buildings: a 1,900-square-foot front office dating to 1947 and a rear structure of 1,800 square feet, added in 2024. Water connections are stubbed into every room. The property is currently occupied by a coin shop and has also served as a dentist office. Its zoning is identified as commercial, and the site falls within the Historic Overlay District.
At 225 W Laurel Avenue, the property is in Foley’s Historic Downtown District. The 0.241-acre site combines the original office building with a newer rear structure, offering separate indoor areas within one commercial property.
At 225 W Laurel Avenue, the property is in Foley’s Historic Downtown District. The 0.241-acre site combines the original office building with a newer rear structure, offering separate indoor areas within one commercial property.
Key Highlights
- Two buildings totaling 3,700 square feet
- Front office building measures 1,900 square feet and dates to 1947
- Rear structure contains 1,800 square feet and was added in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,162
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,240
$443.2K
Cap Rate 7%
$316,600
$316.6K
Cap Rate 9%
$246,244
$246.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$36.5K $19.20/SF
− Vacancy
−$6.9K −$3.65/SF
EGI
$29.5K $15.55/SF
− OpEx
−$7.4K −$3.89/SF
NOI
$22.2K $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%
$443,240
Cap Rate 7%
$316,600
Cap Rate 9%
$246,244
Alternative Uses
Best Use
Office B
$316.6K
$277.0K – $369.4K
NOI $22,162 @ 7.0% cap · market cap 3.70%
Second Best
Retail
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$456.9K
$399.8K – $533.1K
NOI $31,984 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Office building - Separate front and rear structures provide distinct areas for business operations, storage, or other commercial functions.
Where is this office building located?
The property is located at 225 W Laurel Avenue 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 buildings totaling 3,700 square feet; Front office building measures 1,900 square feet and dates to 1947; Rear structure contains 1,800 square feet and was added in 2024
