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    915 Mckenzie St Foley, AL 36535

    For Lease
    $28 SF/Yr

    Prime Foley location, 11,984 SF available

    Lot size:
    11,984 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This brand-new, Class A retail strip center, opening in 2024, presents a unique investment opportunity in Foley, Alabama's thriving Baldwin County. Located at 915 - 947 N McKenzie St, this single-story building boasts 11,984 square feet of leasable space, divisible into units as small as 1,318 square feet, with a maximum contiguous space of 11,984 square feet. The property features nine suites in total, all currently vacant, providing flexibility for a variety of retail and restaurant concepts. Situated on a 1.94-acre lot (84,613 square feet), the center offers ample parking with 60 spaces. Its strategic location on Hwy 59 at West Fig Ave ensures excellent visibility and accessibility. The B-1A/B1A-Extended Business District zoning allows for diverse commercial uses. High traffic counts are a key advantage, with N McKenzie St reporting 25,760 vehicles per day and S McKenzie St showing 36,015 vehicles per day (2023 data). Foley's rapid growth, recognized as one of Alabama's fastest-growing cities, makes this a compelling investment in a high-demand market. This property offers a rare chance to establish a presence in a booming area with significant potential for return.

    Property Features for 915 Mckenzie St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,984 SF
    Class
    A
    Total Rate
    27962.67

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    919 N McKenzie Street
    Size
    1,318 SF
    Rate per SF
    $28
    Space
    943 N McKenzie Street
    Size
    1,318 SF
    Rate per SF
    $28
    Space
    923 N McKenzie Street
    Size
    1,318 SF
    Rate per SF
    $28
    Space
    947 N McKenzie Street
    Size
    1,380 SF
    Rate per SF
    $30

    HighLights

    • New Class A, 11,984 SF retail strip center in Foley, AL, opening 2024.
    • Nine suites available, ranging from 1,318 SF to 11,984 SF contiguous.
    • Located on 1.94‑acre lot with 60 parking spaces at 915‑947 N McKenzie St, Foley, AL.
    • High visibility on Hwy 59 at West Fig Ave, with B‑1A/B1A‑Extended zoning.
    • High traffic counts: 25,760 VPD on N McKenzie St and 36,015 VPD on S McKenzie St (2023 data).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.68374377
    Latitude
    30.41589565

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Foley location, 11,984 SF available
    Where is this neighborhood center located?
    The property is located at 915 Mckenzie St Foley, AL.
    What is the lease rate?
    The lease rate is $28-$30 SF/Yr.
    What are key features of this property?
    This property features: New Class A, 11,984 SF retail strip center in Foley, AL, opening 2024.; Nine suites available, ranging from 1,318 SF to 11,984 SF contiguous.; Located on 1.94-acre lot with 60 parking spaces at 915-947 N McKenzie St, Foley, AL.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    915 Mckenzie St Foley, AL 36535
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