Multi Use Development Land on 59

Vacant Land for Sale
Catylist Listing ID: 29999573
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 10 Acres
Sale Price: $10 PSF
Total Price: $4,356,000
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Other
Cap Rate: Undisclosed
Last Updated: 7/19/2019

Overview / Comments

4 Acres on Corner is Under Contract, Remaining 10 Acres Available, All or Part. Perfect for Mixed Use Development, Zoned Business Commercial, Annexed into the City of Gulf Shores, Major Road improvements Approved for County Road 8 Coastal Connection. High Traffic Counts and Great Visibility make this one of the most attractive properties on Hwy 59. Auburn Sat Campus Located on East End of Co Rd 8 and New Gulf Shores High School and Elementary School Planned on Co Rd 8 also. See attached Docs for Allowable Uses. Can build up to 8 Stories with up to 85% max surface coverage ratio.
Remaining 10 Acres can be purchased as a whole at $4,000,000.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-61-05-21-3-001-004.003
Property Located Between: Gulf Shores and Foley Alabama
Property Visibility: Excellent
Largest Nearby Street: State Highway 59
Feet of Frontage: 900
Traffic/Vehicle Count: 43,000
Highway Access: Direct Highway Access and At a Red Light
Airports: Mobile, Pensacola, Jack Edwards
Area Description: Located on the North Side of Gulf Shores just South of County Road 10, on the North East Corner of County Road 8 and Highway 59
Lot Frontage: 900+
Lot Depth: 470+
Zoning Description: BG Zoning See Docs for Allowable Uses Maxium Bld Set Back has been removed
Development Name: The Oaks @ Eight
Topography: Gently Sloping
Easements: Utilities
Easements Description: Easement from Co Rd 8 to property. ALDOT will allow 2 Curb cuts on Hwy 59
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,131 26,945
Median Age: 38.92 39.95
Households: 4,030 11,530


Photograph of Listing Agent

Lydia Franz

Re/Max Orange Beach Gulf Coast CMLS Member
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