Waterfront Restuarant

Retail-Commercial for Lease
Catylist Listing ID: 30868120
Property Subtypes: Restaurant
Contiguous Space: 9,046 SF
Building Size (RSF): 9,046 SF
Gross Building Area: 15,800 SF
Lease Rate: $35 PSF (Annual)
Base Monthly Rent: $26,384
Lease Types: NNN
Usable Size (USF): 15,800 SF
Last Updated: 5/6/2024

Overview / Comments

Now available for lease, the 2-level waterfront restaurant prominently located at Orange Beach Marina represents a great opportunity for experienced operators to establish a dockside restaurant and bar in a proven location in the heart of Orange Beach, AL. Each level is improved with full commercial kitchens, walk-in coolers, multiple bars, restrooms, and indoor and outdoor dining areas overlooking Orange Beach Marina. The 1st floor space is well-suited for a casual restaurant and bar, with approximately 4,086 sf of conditioned space and over 3,800 sf of outdoor space with dockside access. Roll-up glass doors add to the appeal and versatility of the 1st floor space. The 2nd floor is fully improved and designed to accommodate fine dining, consisting of approximately 4,960 sf of conditioned space and 2,940 sf of outdoor dining and bar space. 2 elevators exist, providing customer and service access. In addition to the main building, separate structures for office and retail use are included.

Furnishing, fixtures and equipment are not included but will be available for purchase.

Expand All Available Space

Suite: 1 9,046 SF $35 PSF (Annual) NNN
Space Available: 9,046 SF
Lease Rate: $35 PSF (Annual)
$26,384 (Monthly)
Lease Type: NNN
Space Description: The rentable area of 9,046 square feet represents the approximate conditioned space on the first and second floors. Additional usable outdoor areas for dockside and waterfront dining and bar use consist of approximately 6,754 square feet. The space is fully improved, with 2 commercial kitchens, walk-in coolers, multiple bars, restrooms, well-appointed dining areas, and 2 elevators for use as service and by customers. In addition to the main restaurant building, auxiliary buildings for office and retail use are included.
Space Subcategory: Net Leased
Date Available: 2/26/2024
Lease Term: 60 Months
Space Type: Relet
Kitchen Yes
Parking Spaces 115
Tax Expenses $0.29 PSF (Annual)
Operating Expenses $7.57 PSF (Annual)
CAM Expenses $1.14 PSF (Annual)
Rent Escalators Description In addition to Base Rent and CAM, Taxes and Insurance, 6% of gross sales over a natural breakpoint will apply to each Lease Year

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-65-02-03-3-001-032.000
Zoning: PUD
Retail Clientele: General, Family, Tourist
Property Visibility: Good
Largest Nearby Street: Marina Road
Highway Access: Highway 161 to Marina Road
Site Description: Waterfront site with dockside access and views of Orange Beach Marina.
Area Description: Orange Beach, AL is a very popular tourist destination on the shores of the Gulf of Mexico - attracting over 8M visitors per year. Orange Beach is a haven for sportfishing and boating, and Orange Beach Marina has been an integral part of the success of the area for over 40 years.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,900 SF
Property Condition: Excellent
Year Built: 1984
Year Renovated: 2013
Roof Type: Hip
Construction/Siding: Concrete, HardiePlank Siding, Stucco
Exterior Description: Coastal architecture, with abundant outdoor space
Total Parking Spaces: 115
Parking Type: Surface
Parking Description: Surface parking lot, shared with Orange Beach Marina. Overflow parking area is available.
Passenger Elevators: 1
Freight Elevators: 1
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Upper level / main restaurant is very well appointed with wood flooring, custom bar, millwork,full kitchen, 4 restrooms, hostess stand, wine celler, and walk-in cooler. The first floor is designed for casual dining, and appointed with 3 bars, 2 restrooms, full kitchen, and walk-in cooler. Both a service and customer elevator exist.
Zoning Description: PUD zoning, with restaurant / bar use permitted.
Part of Planned Development?: Yes
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,331 12,679
Median Age: 50.01 45.14
Households: 1,080 5,587

Contact

Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL
Gulf Coast CMLS Member
Photograph of Listing Agent

Steadman Bethea

Stirling Mobile Gulf Coast CMLS Member
© Copyright 2024 Moody's. All Rights Reserved. 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.