Sunset Properties
Listed by Sunset Properties
$1,329,000
8437 AL-59
Details
APN 234180, 302986, 103171, 89198, 103170, 275315 302986
Property Type Hospitality, Land
Sub Type Commercial, Hotel
Cap Rate 1.68%
NOI $45,350
Price per SqFt $7,895
Buildings 1
Stories 1
Acreage 2.5 - 3.5
Parking Spaces 122 spaces
Occupancy Date 02/01/2026
Ground Lease No
Land | 2.5 acres
Marketing description
For Sale +/- 2.5 acres with 200 front feet on hwy 59.
Current use is lot storage for boats and RVs.
In foley city limits. Additional property to the west may be available up to 9 acres total.
The price is for 2.5 acres so additional property would be negotiable
Investment highlights
Large hwy 59 frontage with Additional parcels attached totaling 2.5 acres+/- with possible additional side access on Brinks Willis Road depending on how much additional acreage is purchased.
Current use is a storage lot for boats and RVs. Property has signage income from a billboard of 4800 per year expiring in 2027
Baldwin County PPIN s on request
Ideally, suited for hotel/motel
Listing Contacts
Sunset Properties
Listed by Sunset Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,350.00
$3,779.17/mo
Valuation Metrics
0
DSCR
3.41%
Cap Rate
3.41%
ROI
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