2 PARCEL PRIME COMMERCIAL LOCATION ON FT MORGAN ROAD

Vacant Land for Sale
Catylist Listing ID: 30007298
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 56,448 SF
Sale Price: $400,000
Unit Price: $7.09 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2017

Overview / Comments

These 2 commercial parcels are located on the north side of Ft Morgan Road next to the Silver Seahorse Oyster Bar and the Fresh Seafood Market. Both businesses are long-term and have a busy clientele. It is in a high traffic area just 4.5 miles from Gulf Shores Parkway (Hwy 59) on Ft Morgan Road. It is surrounded by residential homes and short-term vacation rentals. (The adjoining commercial bulding and property is also available. Please view MLS #30007175 for more information.)

Financials

Finance Data Year 2016
Assessed Value - Total($) $15,120 (Annual)
Real Estate Taxes - Annual($) $499 (Annual)
Lender Name N/A
Amortization Period N/A

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County Probate
Tax ID/APN: 099717 / 033484
Zoning: GENERAL BUSINESS
Property Located Between: Silver Seahorse Oyster Bar & Fresh Seafood Market and the residential street of Twin Pines Circle.
Property Visibility: Excellent
Legal Description: PIN #033484: 185'X220' IRR BEG 473' W OF SE COR OF SEC 15 FOR POB TH CONT W 185', TH N 220', TH 3 134.5', TH S109.95', TH E 55', TH S 110' TO POB SEC 15-T9S-R3E (VL) PIN #099717: 118.7'X150' FM NE COROF SEC 22RUN TH S 45'(S) TO N LINE OF DIXIE GRAVES PKWY TH SW'LY ALG PKWY 55.5' TO POB TH CONT SW'LY 118.7', TH N 150'(S), TH E 116.6', TH S133'(S) TO POB SEC 22-T9S-R3E (WD) IN#603231
Largest Nearby Street: State Hwy 180 (Ft Morgan Rd)
Feet of Frontage: 119
Traffic/Vehicle Count: 16,720
Highway Access: Property sits directly on State Highway 180 (Ft Morgan Road) and is 4.5 miles from Gulf Shores Parkway (Hwy 59)
Airports: Jack Edwards, Gulf Shores, AL, Pensacola International , Mobile International
Site Description: High visibility, level parking. Located within 100' of the landmark Chevron station on State Highway 180 (Ft Morgan Road)
Area Description: Gulf Shores is one of the premier beach communities in the country. It is a family friendly community that thrives year round! Great entertainment, food and fishing! Historic Fort Morgan is a unique place to visit as well. There is a Ferry that will take you across Mobile Bay to Dauphin Island!
Lot Frontage: 118.7'
Lot Depth: 370'
Zoning Description: Zoned General Business by the City of Gulf Shores
Topography: Level
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities, Preservation, Environmental, Other
Soil Type: Clay
Available Utilities: Electric
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,799 7,566
Median Age: 47.92 43.82
Households: 2,161 3,434

Contact

Photograph of Listing Agent

William P. Lagman

Coastal Real Estate Center, LLC Gulf Coast CMLS Member
© Copyright Gulf Coast CMLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.