1235 Mckenzie St Foley, AL 36535-1818
This exceptional 0.5-acre pad site presents a remarkable ground lease opportunity in Foley, Alabama's thriving retail corridor. Strategically located at 1235 S McKenzie St, 36535, this property boasts unparalleled visibility and accessibility. Situated directly adjacent to a Winn-Dixie supermarket, this location benefits from significant existing foot traffic and consumer draw. The site is conveniently positioned near the Foley Beach Express, providing easy access for both local residents and tourists. Furthermore, its proximity to the Tanger Outlets and other major national retailers ensures a high volume of potential customers. This prime location offers an ideal opportunity for a variety of retail businesses seeking exposure in a bustling commercial area. The property is situated in Baldwin County, Alabama, and offers a single-tenant ground lease arrangement. The site's 0.5-acre size provides ample space for development, while its location within a well-established retail hub guarantees a strong return on investment. Less than 15 miles from the beach, this property benefits from both local and tourist traffic. This is a rare opportunity to secure a highly visible and accessible location in one of Foley's most desirable commercial areas.
-
Winn-Dixie Pharmacy Grocery & Convenience Store Food Market
-
CDReload - Online Bitcoin ATM Atm Crypto Atm
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
-
Coinhub Bitcoin ATM Teller Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.