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Cole Office Building Condo
1305 S Commercial Drive, Foley, AL 36535
Last Verified 2/7/2012
Listing ID 16445592
Highlights
Baldwin County was recently rated by Forbes Magazine and Cognetics as one of the top 50 small metro areas to start and grow a business .- Per capita, the City of Foley leads the State of Alabama in Retail Sales and also accounts for more than 40% of Sales Tax Revenue in Baldwin County.
- Foley is approxiamtely 10 miles north of the Gulf of Mexico and Gulf Shores.
- Foley, AL, at the intersection of Highways 59 & 98 and 10 miles north of the Gulf beaches, is the economic center of South Baldwin County.
- According to the US Census Foley has been part of one of the fastest growing micropolitan areas in the US for the last seven years.
- Baldwin County is Alabama's No. 1 tourist destination.
Description
Includes adjoining commercial condo 1307 S Commercial Dr (PPIN# 214131). North & center spaces. Condos opened for one large space. Priced at approx. 10.6% cap rate. Current tenants have been in space for two (2) years, with new lease signed expiring in 9/2011. Business not included or for sale. Tenant pays utilities. Owner pays taxes and insurance. Strong leasing history since built in 1997.
From Hwy 59 / S McKenzie St and E Michigan, go east on Michigan and make first right onto S Commercial Drive. Located behing Regions Bank, Big 10 Tires, etc. Property is second building on left.
Actual
2009
$22,200
$22,200
$2,600
$19,600
Map of 1305 S Commercial Drive, Foley, AL 36535 (Baldwin County)
Created 10/25/2009
Additional Information for 1305 S Commercial Drive, Foley, AL 36535
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
Asking Price Index Trends for Foley, AL Retail For Sale
| |
Jan 12 |
vs. 3 mo.
prior |
Y-O-Y |
- State | $83 | -1.9% | -9.6% |
View Foley Market Trends for other property types for sale or lease. Learn more about the chart info.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO