Automotive Service Retail
301 N Mckenzie St Foley, AL 36535
For Sale
Contact for pricing
For-sale property along Highway 59 in Foley with legal non-conforming automotive use and B-1 zoning.
Property Size7,875 SF
Price / SF$228.57
Days on Market17
Property Features for 301 N Mckenzie St
General Information
- Standard status
- Active
- Size
- 7,875 SF
- Property subtype
- RETAIL
Listing Agency:
RE/MAX Paradise
(251) 269-9385
Listed By:
Jeremy Sullivan · License #83482
(251) 269-9385
Source:
Moodyscre
Added: Jul 10
Changed: Jul 25
Last Checked: Jul 26 at 11:36AM
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 RE/MAX Paradise
Investment Insights
Based on property information with market context.
This for-sale commercial property at 301 N McKenzie Street has been associated with Wilson’s Automotive, Tire & Exhaust and is currently used in an automotive capacity. The existing automotive use is considered a legal non-conforming use, and it is subject to restrictions regarding alteration, expansion, damage, restoration, and abandonment. The property is zoned B-1 Central Business District, offering potential for a broad range of use types subject to applicable regulations and governmental approval. The site is also within the Foley Historic Overlay District, where proposed exterior changes may require review and approval by the Foley Historical Commission.
The property is positioned along Alabama Highway 59 near the heart of downtown Foley. Buyers are advised to independently confirm zoning, permitted uses, legal non-conforming status, and any proposed improvements with the City of Foley, including considerations related to the Historic Overlay District.
The parcel is identified as PIN 17000; Parcel 54-09-29-1-000-172.000.A. Buyer to verify all information during due diligence.
The property is positioned along Alabama Highway 59 near the heart of downtown Foley. Buyers are advised to independently confirm zoning, permitted uses, legal non-conforming status, and any proposed improvements with the City of Foley, including considerations related to the Historic Overlay District.
The parcel is identified as PIN 17000; Parcel 54-09-29-1-000-172.000.A. Buyer to verify all information during due diligence.
Key Highlights
- Commercial property at 301 N McKenzie Street along Alabama Highway 59 in Foley near downtown
- Zoned B‑1 Central Business District, allowing a broad range of uses such as retail, restaurant, office, and lodging (subject to regulations and approvals)
- Located within the Foley Historic Overlay District; proposed exterior changes may require review and approval by the Foley Historical Commission
Financial Insights For 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 | $132.3k | $16.80 |
| − Vacancy | −$11.2k | −$1.43 |
| EGI | $121.1k | $15.37 |
| − OpEx | −$36.3k | −$4.61 |
| NOI | $84.7k | $10.76 |
7,875 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,738 @ 7.0% cap · market cap 4.71%
Second Best
Industrial
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 2.16%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,565 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wilson's Automotive Tire ...
Auto Repair Shop
Similar Off Market Nearby
- Halls Auto Supply — 902 S McKenzie St, Foley, AL 36535
- Joe Hudson's Collision Center — 743 S McKenzie St, Foley, AL 36535
- Goodyear Auto Service — 302 S McKenzie St, Foley, AL 36535
- Foley Mechanics Shop — 201 Orchard Ln, Foley, AL 36535
- Tire & Service Network — 302 S McKenzie St, Foley, AL 36535
FAQs
What type of property is this?
Auto shop - For-sale property along Highway 59 in Foley with legal non-conforming automotive use and B-1 zoning.
Where is this auto shop located?
The property is located at 301 N Mckenzie St Foley, AL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Commercial property at 301 N McKenzie Street along Alabama Highway 59 in Foley near downtown; Zoned B‑1 Central Business District, allowing a broad range of uses such as retail, restaurant, office, and lodging (subject to regulations and approvals); Located within the Foley Historic Overlay District; proposed exterior changes may require review and approval by the Foley Historical Commission
