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3205 S McKenzie St
Foley, AL 36535
Land For Sale
·
0.91 AC
EXECUTIVE SUMMARY
Outparcels are available for sale just off Highway 59 in Foley, Alabama, an area experiencing significant residential and commercial growth. The site is adjacent to a new BJ’s Wholesale Club and a new Fairfield Inn, and is in close proximity to major retailers and restaurants such as Lowe’s, Big Lots, Hobby Lobby, Office Depot, Cracker Barrel, and Discount Tire.
Highway 59 is a prime commercial corridor with numerous national quick-service restaurants and retailers, including Chick-fil-A, Five Guys, Whataburger, Cracker Barrel, 7 Brew, Culver’s, and Texas Roadhouse, as well as a future BJ’s Wholesale Club.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 2 | Total Lot Size | 0.91 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.91 AC |
| Opportunity Zone |
Yes |
2 LOTS AVAILABLE
Lot 1
| Price | $622,125 CAD | Lot Size | 0.54 AC |
| Price Per AC | $1,152,083.38 CAD |
| Price | $622,125 CAD |
| Price Per AC | $1,152,083.38 CAD |
| Lot Size | 0.54 AC |
±23,617 SF / ±0.54 AC
Lot 2
| Price | $546,088 CAD | Lot Size | 0.37 AC |
| Price Per AC | $1,475,912.22 CAD |
| Price | $546,088 CAD |
| Price Per AC | $1,475,912.22 CAD |
| Lot Size | 0.37 AC |
±16,326 SF / ±0.37 AC
DESCRIPTION
Baldwin County is the largest county in Alabama by area and one of the largest in the Southeast. The Gulf Coast region alone accounts for more than one-third of Alabama’s total tourism revenue. Baldwin County is home to four of the state’s Top 10 Fastest-Growing Cities: Daphne (#8), Fairhope (#2), Foley (#3), and Gulf Shores (#5). The Daphne–Fairhope–Foley Metropolitan Statistical Area (MSA) is the 7th fastest-growing MSA in the nation, according to the U.S. Census Bureau, with a remarkable 31.3% population increase from 2010 to 2021. Approximately 96% of Baldwin County’s growth is driven by in-migration. Additionally, the MSA ranked 3rd in the nation for job growth from 2020 to 2021, expanding at a rate of 10.3%, according to the Bureau of Labor Statistics. In May 2021, the Culverhouse School of Business Center for Business and Economic Research at the University of Alabama projected that Baldwin County’s population would grow by 65.1% between 2010 and 2040. That same year, Baldwin County surpassed Montgomery County to become Alabama’s fourth most populous county. Today, Baldwin County ranks among Alabama’s Top 5 counties for business growth, GDP growth, new building permits, and business investment.
