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: |
4/19/2024 |
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.
|
| 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 |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
2,331 |
12,679 |
| Median Age: |
50.01 |
45.14 |
| Households: |
1,080 |
5,587 |
|
© 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.
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