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    Miflin Rd Foley, AL 36535

    For Sale
    $1,050,000

    Prime Foley location, B-1A zoning, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2.98-acre commercial lot presents a remarkable investment opportunity in Foley, Alabama. Ideally situated on Miflin Road (CR 20), this property boasts approximately 320 feet of frontage, offering unparalleled visibility and accessibility. The strategic location places it between Highway 59 and OWA, ensuring high traffic volume and exposure to a substantial customer base. The property is zoned B-1A by the City of Foley, allowing for a diverse range of commercial uses, making it suitable for various business ventures. With a list price of $1,050,000, this translates to approximately $352,349 per acre, representing a compelling value proposition in this rapidly growing area. The land value is $8.09 per square foot. The property's location within a primary growth corridor of Foley ensures significant future appreciation potential. This single-tenant opportunity is perfect for businesses seeking a high-profile location with excellent visibility and access to major transportation routes. Don't miss this chance to secure a prime commercial parcel in one of Alabama's most dynamic markets. The address is 0 Miflin Road, Foley, AL 36535, in Baldwin County.

    Property Features for 0 Miflin Rd

    General Information

    Property type
    Land
    Lot Size
    129,809 SF

    HighLights

    • List Price: $352,349 per acre
    • Occupancy: Single‑tenant
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Foley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6431213
    Latitude
    30.3703202

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    FAQs

    What type of property is this?
    Land - Prime Foley location, B-1A zoning, high visibility.
    Where is this land located?
    The property is located at Miflin Rd Foley, AL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: List Price: $352,349 per acre; Occupancy: Single-tenant;
    (251) 342-7229
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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
    Miflin Rd Foley, AL 36535
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