Beachside Re-Development Opportunity w/ deeded beach access
Retail-Commercial
for Sale
Also listed as Special Purpose
| Catylist Listing ID: |
30817020 |
| Property Subtypes: |
Free-Standing Building, Mixed Use
|
| Building Size (RSF): |
8,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
40,000 SF
|
| Sale Price: |
$4,750,000 - 4,995,000 |
| Unit Price: |
$593.75 - 624.38 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Building Name: |
Tallulahs’s, Orange Beach Store, Salt Apparel |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/24/2023 |
Overview / Comments
400' of prime frontage on Perdido Beach Blvd. The property consists of (4) vacant land lots fronting Perdido Beach Blvd, (4) lots consisting of (3) free standing retail centers. This property would be an excellent opportunity for a mixed-use development or high end vacation rental properties. The neighboring lots in the subdivision are being developed into upscale vacation rental beach homes.
|
Current Tenants
| Tenant Business Name |
Tallulah's/OB Store/Steve's Barber/Salt Apparel/Duplex Tenant |
| Is Renting? |
Yes |
| Tenant Notes |
$11,190 is the total collected rent each month (4 commercial tenants and 1 residential tenant in the Duplex) |
| Tenant Business Name |
Tallulah's/OB Store/Steve's Barber/Salt Apparel/Duplex Tenant |
| Is Renting? |
Yes |
| Tenant Notes |
$11,190 is the total collected rent each month (4 commercial tenants and 1 residential tenant in the Duplex) |
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-65-04-17-0-000-003.002 |
| Zoning: |
NEIGHBORHOOD BUSINESS |
| Retail Clientele: |
Tourist |
| Property Located Between: |
.5 miles east of Adventure Island and .5 miles west of Hwy 161 |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Perdido Beach Blvd |
| Feet of Frontage: |
400 |
| Traffic/Vehicle Count: |
24,000 |
| Site Description: |
Property is situated South of Perdido Beach Blvd with deeded beach access. Site is flat and consist vacant lots and (3) cement block buildings. |
| Area Description: |
Located in the heart of Orange Beach between SeaChase Condominiums and Opal Condominiums and adjacent to the recently developed community of Ocean’s Edge. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
3 |
| Property Condition: |
Average |
| Parking Type: |
Surface |
| Parking Description: |
Open gravel lot parking |
| Zoning Description: |
Neighborhood Business |
| Lot Frontage: |
400' |
| Lot Depth: |
100' |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Ingress/Egress |
| Easements Description: |
(3) 5' pedestrian easements
Deeded access to beachfront |
| Land Ownership: |
owned |
| Legal Description: |
Lots 34,37,40,43,46,49,52,55 of Romar Vista Pl Subdivision |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,173 |
12,107 |
| Median Age: |
39.45 |
41.12 |
| Households: |
946 |
5,321 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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