4 PARCEL PRIME COMMERCIAL LOCATION ON ORANGE BEACH BLVD (HWY 161)

Retail-Commercial for Sale
Catylist Listing ID: 30003971
Property Subtypes: Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 4,000 SF
Gross Land Area: 0.91 Acres
Sale Price: $650,000
Unit Price: $162.50 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Business
Usable Size (USF): 4,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2017

Overview / Comments

PRIME LOCATION!!! This .91 acre commercial lot is conveniently located on the most traveled street in Orange Beach's! There is an existing BBQ restaurant and a commercial building that is perfect for Professional Office, Real Estate, Specialty Sales, Professional Services, Spa, Day Car or Kennel/Grooming. It is also a great location for a Law Office or Bail Bonds Office since it is close to the City Jail.

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $2,441 (Annual)
Tax Value Land $249,400
Tax Value Improvements $131,600
Assessed Value - Total($) $76,680 (Annual)
Potential Rental Income $54,000 (Annual)
Lender Name N/A
Amortization Period N/A

Current Tenants

Tenant Business Name Butts on the Beach BBQ
Industry Type Accommodation and Food Services
Is Renting? Yes
Annual Revenue $30,000 (Annual)
Employees Total 6
Employees at Location 6
Year Founded 2004
SF of Space Occupied 1,500 SF
Current Rent $20 PSF (Annual)
Tenant Notes Current on rent.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County Probate
Tax ID/APN: 055247 / 054019 / 034289 / 048457
Zoning: NEIGHBORHOOD BUSINESS
Retail Clientele: General, Family, Business, Tourist, Recreation, Other
Property Located Between: Orange Beach Financial Office Building and Orange Beach Medical Center
Property Visibility: Excellent
Largest Nearby Street: Orange Beach Blvd (Hwy 161)
Feet of Frontage: 144
Traffic/Vehicle Count: 25,000
Highway Access: Sits directly on Orange Beach Blvd (Hwy 161). It is less than 1 mile from Perdido Beach Blvd and is 2.7 miles from Foley Beach Express
Airports: Jack Edwards, Gulf Shores, AL, Pensacola International , Mobile International
Site Description: High Visibility, level parking, The two parcels are located behind each of the commercial buildings. Located near the Municipal Offices of Orange Beach and the OB Police Department.
Area Description: Orange Beach is one of the premier beach communities in the country. A family friendly community that thrives year round! Great entertainment, food and fishing! One of the country's most beautiful beaches.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 25,001,500 SF
Property Condition: Average
Year Built: 1990
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Painted Buildings with metal roofs and handicap ramps.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Gravel Parking Lot with Handicap Ramps in place.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, Satellite, Dialup
Interior Description: One building has a large Display/Meeting area with at least 5 offices around the perimeter, a Kitchen and two bathrooms. Exterior doors on the front, side and rear. The second building is a presently leased BBQ restaurant with a walk up counter, 30 seats, and a full kitchen. The lease is to expire in 2017.
Zoning Description: Neighborhood Business according to the City of Orange Beach.
Lot Frontage: 144
Lot Depth: 275
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: Owned
Legal Description: Please see attached documents.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,078 15,064
Median Age: 44.16 42.98
Households: 1,787 6,632

Contact

Photograph of Listing Agent

William P. Lagman

Coastal Real Estate Center, LLC Gulf Coast CMLS Member

Source

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