About This Home

This 0-bedroom, 0-bathroom commercial at 209 Laurel Avenue W in Foley, AL is listed for $1,200,000 ($100 per sqft). Built in 1912, the home offers 12,000 sqft of living space on a 0.32 acres lot.

Key Features

  • Built in 1912
  • 0.32 acre lot
  • 10 parking spaces

Property Details

1 story
10 spaces
1912

Amenities

A/C
Listing Description

Welcome to this rare opportunity to purchase a large historic building, beautifully preserved in the heart of downtown Foley, and just a block from Highway 59. Parts of this building were built in 1912 and have served the town of Foley for many years as various different venues.

Since 1984, this housed the Gift Horse restaurant and events venue. Over the years, this property has served thousands of local residents and visitors. Now this building is ready for its next chapter. This building is still set up as a restaurant and an event venue.

This building features over a 12,000 ft.2. per seller. It would be an excellent opportunity for a second generation restaurant as the majority of the kitchen equipments will remain and some of the equipments, including ovens and stoves, have been replaced within the last year.

Additional recent updates to the property include an air conditioner, water heater, and some flooring in the bathrooms. The property features two distinct entrances so you could have multiple events going on at the same time. The property features pine beaded board walls and beautiful stained glass and leaded glass windows throughout as well as stunning chandeliers and a warm inviting fireplace.

There is ample parking in the front along the adjoining side streets to accommodate visitors and guests. Separate parking in the back for employees. In addition, Seller is willing to leave tables and chairs and some additional furniture. No antiques are included in the sale and will be removed prior to possession.

Please note you are purchasing the building and not the business. Come see this beautiful property before it gets away. Property will be SOLD AS IS. Buyer to confirm square footage and perform all inspections and due diligence prior to purchase. Buyer to verify all information during due diligence.

Monthly Cost Estimate

$6,418/mo

20% down · 6.5% · 30 years

Principal$868
Interest$5,200
Insurance$350

Estimates only. Actual payments may vary.

Location

209 Laurel Avenue W

Foley, AL 36535

Property Details

Flooring

CarpetVinyl

Parking

Parking Lot

Heating

Central

Cooling

Electric

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 209 Laurel Avenue W is listed at $1,200,000 ($100/sqft). The estimated monthly payment is $6,418 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1912, 0.32 acre lot, 10 parking spaces.

This property is listed by Devin Schaff.

DS

Devin Schaff

Agent at Keller Williams Realty Mobile

Listed by Keller Williams Realty Mobile · Broker phone: (251) 662-5660

MLS# 7808598· Source: Mobile Area Association of REALTORS®· 102 days on PropertySimple

Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

209 Laurel Avenue W, Foley, AL 36535

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