616 Gulf Shores Parkway, Gulf Shores

Retail-Commercial for Sale
Catylist Listing ID: 30566297
Property Subtypes: Retail-Pad
Building Size (RSF): 6,839 SF
Gross Building Area: See Agent
Gross Land Area: 98 - 166 SF
Sale Price: $849,900
Unit Price: $124.27 PSF
Property Use Type: Investment
Building Name: Beach Bazaar
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/29/2020

Overview / Comments

One of Gulf Shores popular landmarks, situated on Highway 59, just a few blocks from the public beach access. Electric, plumbing and roof were replaced in 2004. High traffic count, zoned per City of Gulf Shores "BT Tourist Business Districts. These districts are intended to provide suitable locations for walkable, Mixed-use Developments consisting of Hotels, Motels, Condominiums, Multiple-family Dwellings and compatible Commercial Uses that provide residents and tourists with services, conveniences and amenities. BT-1 Low-Medium Density Tourist Business District." This building is being sold below appraised value and "as-is."

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-66-04-20-1-000-004.000
Zoning: BT -1
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Across from the Original Oyster House in Gulf Shores
Property Visibility: Excellent
Largest Nearby Street: Highway 59
Feet of Frontage: 98
Highway Access: Highway 59
Airports: Jack Edwards Airport, Gulf Shores
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,839 SF
Property Condition: Fair
Year Built: 1972
Construction/Siding: Block
Total Parking Spaces: 13
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Other
Zoning Description: BT-1
In Flood Plain?: Yes
Lot Frontage: 98
Lot Depth: 166
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Whole
Legal Description: 98'(S) X 166.43' IRR FM INTER OF E R/W OF HWY 59 & N ROW E P ARK LANE, RUN NE ALG HWY 59 146.7' TO POB CONT TH NE 98'(S), TH E'LY 120'(S), TH S'LY 93.19', TH W'LY 166.43 TO POB SEC 20-T9S-R4E (VL)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,630 12,457
Median Age: 43.29 40.38
Households: 1,659 5,545

Contact

Photograph of Listing Agent

Jennifer Scarbrough

RE/MAX of Gulf Shores Gulf Coast CMLS Member
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