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Brooke Johnson

brookejohnson1@simplihom.com +1(678) 879-3179

$ 410,000

Est. payment -/mo

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Price Dropped by $40K

14670 US Highway 98 Foley, AL 36535

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 393226

Construction Status Resale

HOA Y/N No

Year Built 1960

Acres 0.278

Property Sub-Type Retail

Source Baldwin County

Property Description

Excellent investment opportunity in the heart of Magnolia Springs! This commercial property is ideally located on busy Hwy 98 between Fairhope and Foley, offering strong visibility and easy access. Currently operating as a daycare with a tenant in place, leasing through 2028, providing immediate and reliable income for investors. The property features several interior upgrades and a fenced outdoor area, perfect for its current use. With flexible future potential for office or retail space, this property offers both stable cash flow now and long-term value at a 9% CAP rate. There is a secondary warehouse located at the back of the property that would be useful as additional storage. Don't miss this opportunity to own an income-producing property in one of Baldwin County's most desirable corridors. Buyer to verify all information during due diligence.

Location

State AL

County Baldwin

Zoning Commercial

Rooms

Dining Room PartialKitchen

Interior

Heating Central, Electric

Flooring Concrete

Heat Source Central, Electric

Exterior

Parking Features Three Or More Vehicles

Utilities Available Water City, Sewage Septic

Waterfront Description No Waterfront

Roof Type Metal

Building

Lot Description No Trees

Construction Status Resale

Others

Special Listing Condition None

Listed by Wellhouse Real Estate

Nearby Locations

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+1(678) 879-3179

brookejohnson1@simplihom.com