For Sale
$1,670,000

8388 AL-59Foley, AL 36535

9,218 SF Palm Center For Sale - Foley, Alabama

Source: https://www.saltercompany.com

Overview

Added:
Feb 10
Days on market:
55
Palm Center is a 9,218 sf shopping center (strip center) located in the thriving city of Foley, Alabama and in the fastest growing county in Alabama - Baldwin County. This property is located just a mile from Lowes, Home Depot, and Chick-Fil-A and just minutes away from Tanger Outlets and OWA Theme and Water Parks. This property offers several value-add opportunities for a new owner. First, the current rents at $13.78 square foot are under market compared with the surrounding rates of $16.00-18.00 per square foot. Next, the leases are Gross Leases and a future opportunity would be to make these to NNN leases. The current owner does not charge to rent spots on the monument sign so that would be another source of revenue for a new owner. Finally, the Lamar sign can be sold to Lamar instead of renting. This shopping center is in great condition and the owner has remodeled it. The parking lot has ample parking with 55 spaces. Great visibility with 36,000 VPD traffic count and median cut in front of center. Great road frontage with 153' on Hwy 59. 5 stores and 1.08 acres. Buyer and Buyer's Agent to verify all information.

Property Details for 8388 AL-59

Property type
Retail properties
Square Feet
9,910 SF
Price / Square Foot
$168.52
Year Built
2008
Buildings
1
Stories
1
Total Parking Spaces
54
Elevators
N/A
Net Rentable (sq. ft)
9,015 SF
Lot Size (sq. ft)
47,903 SF

Location Insight

City
Foley
County
Baldwin
State
Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8388 AL-59
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message