Mixed Use Commercial Building near Jack Edwards Airport in Gulf Shores

Office for Sale
Catylist Listing ID: 30044790
Property Subtypes: Business Park, Executive Suites, Mixed Use, Flex Space, Office Building
Building Size (RSF): 7,500 SF
Gross Land Area: 1.50 Acres
Sale Price: $440,000
Unit Price: $58.67 PSF
Ceiling: 20 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: 750 Commerce Drive
Class of Space: Class A
Usable Size (USF): 7,500 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 10.68%
Average Occupancy Rate: 90
Last Updated: 7/7/2017

Overview / Comments

Mixed uses commercial building blends commercial, institutional, cultural or industrial uses and provides pedestrian connections. Many benefits which include limiting the distance between workplace, retail business and other destinations, it brings about more compact development; gives you or your business stronger presence or character.

If you need a space in a massive commercial building with a size of 7,500 SQ Ft on a gross land area of 1.500 acres in a commercially viable and secure environment that is near Jack Edwards Airport in Gulf Shores, Alabama. Then look no further as this commercial building is just perfect for you; it has executive suites, mixed use, flex space, office building and a business park. Space can be leased in separate areas if the buyer does not want to use the whole thing and still create income streams The office spaces are affordable, conducive, spacious and has an official aura to it.

The permitted users of this commercial building include business in the following industry:

Aviation: As a result of this commercial building proximity to an airport, the office space is permitted to any aviation business. It would be perfect for either a travel agency, currency exchange services or as offices for airlines; just to mention a few.

Technology and Research: Business in science, engineering and technology are permitted users in our the commercial building. Also included but not limited to computer technologies, software development, communications, electronics, biotechnology and educational research businesses.

Wholesaling: The 7500 sq ft commercial building can house places of business essentially involved in the selling of goods in large quantities to retailers; to industrial, commercial, institutional users or other wholesalers.

Warehousing: Potential clients that engage in wholesaling business can find the commercial building so perfect for their uses as there is a warehouse for permitted use. The building is used for the reception and storage of raw material and/or manufactured goods before their export or distribution for sale to retailers or business partners.

Manufacturing: Clients that engages in manufacturing business would find the commercial building useful as there is a part of the 75000sq ft building designed for the primary purpose of assembling, fabricating, or processing of goods or raw materials into finished products; including medical equipment or biotechnology companies which can now be warehoused and later sold to business partners or used in further advance invention in technology.

Commercial services: The building is permitted to business whose sole purpose is to be responsible for commercial services to the general public and other businesses included but not limited to landscaping, building, plumbing and electrical contractors, pest control companies; laundering, dry-cleaning or dyeing plants, engraving or other reproduction services, medical services; and other similar uses with the exception of all retail uses .

Professional office: All corporate offices, data centers or a skilled business providing commercial services that require advanced knowledge or education; i.e law, engineering, surveying, to mention a few.

The current managers of the commercial building are a lawful body and are in full accordance with the rules and regulations of the concerned regulated bodies. Pollutants, contaminants, toxic or hazardous waste or any other substance regulated by Federal, State, County, Environmental or Building laws that might be a health hazard to the property or co-habitants is so prohibited.

The location of the commercial building already makes your business economically feasible because of the proximity to an airport. The environment would be a busy one and there is already a market on ground for you to explore with your business. There is a flexible payment mode, cash to seller or payment through purchase money mortgage is also allowed.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Submarket Type: Airport District
Taxing Authority: Baldwin County
Tax ID/APN: 208597
Property Located Between: Airport & Intercoastal Waterway
Highway Access: Highway 59
Airports: Jack Edwards
Site Description: Level lot in an industrial park
Area Description: Area is business complex with mostly offices and some hangars
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Year Built: 2003
Year Renovated: 2009
Construction/Siding: Brick/Aluminum Siding
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Private parking lot on the property. Parking spaces around 2 sides of the building
Total Parking Spaces: 40
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: DSL
Interior Description: Interior has large lobby upfront with 3 offices, breakroom and bath. two private office spaces with side entrances. Download the floor plan and proforma for all the details.
Zoning Description: Permitted Uses. All uses shall have a principal building. The specific uses allowed and their definitions are listed below: 2. Lots 1-30 shall be restricted to the following uses: a. Aviation b. Technology & Research: Businesses engaged in science, engineering, and technology including but not limited to computer technologies, software development, communications, electronics, biotechnology, and educational research businesses. c. Wholesaling: Places of business primarily engaged in the selling of goods in large quantities to retailers; to industrial, commercial, institutional, or profession business users; to other wholesalers. d. Warehouse: A building used for the reception and storage of raw materials and/or manufactured goods before their export or distribution for sale or warehousing accessory to a permitted use. e. Manufacturing: Businesses whose primary purpose is the assembly, fabrication or processing of goods or materials predominantly from previously prepared materials into other finished products including medical equipment and biotechnology companies. f. Commercial Services: Businesses whose primary purpose is to provide commercial services to the general public and other businesses including but not limited to landscaping, building, plumbing and electrical contractors; pest control companies; Laundering, Dry-cleaning or Dyeing Plants; printing, engraving or other reproduction services, medical services; and other similar uses but excluding all retail uses. g. Professional Office: Corporate offices, data centers, businesses providing commercial services that require special or advanced education and skill; i.e. law, engineering, surveying, title abstract. E. Prohibited Uses. 1. The discharge, burial, or other unlawful disposal of any liquid waste, solid waste, fumes, gases or airborne particulate matter, defined as hazardous by federal, state, county, or local law is prohibited. The occupant shall not, or permit any person to, bring any pollutants, contaminants, toxic or hazardous waste, or any other substance regulated by law or which might create a hazard to health and safety onto the property; except any such hazardous substances that are used in the ordinary course of the contemplated businesses to be conducted on the property and that are handled, stored, used and disposed of in accordance with applicable Building and Fire Codes of the City and applicable environmental laws. 2. Outdoor storage as a principal use. Outdoor storage is only allowed as an accessory to a principle use in accordance with ยง10-4 G. 3. Personal storage and mini-storage facilities. 4. The occupant shall restrict the height of Structures, objects of natural growth, and other obstructions on the property to such a height so as to comply with Federal Aviation Regulations, Part 77. 5. The occupant shall prevent the use of the property, which would interfere or adversely affect the operation or maintenance of the airport, or otherwise constitute an airport hazard. Andy Bauer, AICP Director of Planning & Zoning P.O. Box 299 205 Clubhouse Drive Suite B Gulf Shores, Alabama 36542 www.gulfshoresal.gov 251-968-1151 desk 251-968-1188 fax
Lot Frontage: 174.5'
Lot Depth: 309.1'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: 174.5' X 309.1' IRR LOT 22 PHASE II GULF SHORES BUSINESS AND INDUSTRIAL PARK SLIDES 1653-A & 1653-B IN THE CITY OF GULF SHORES SEC 4-T9S-R4E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,239 9,159 16,059
Median Age: 33.75 40.34 40.23
Households: 538 4,175 7,059

Contact

Photograph of Listing Agent

Tami L Roberts

MyFavoriteAgent.com, LLC
Gulf Coast CMLS Member

Source

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