Ground Lease - 1.39 Acres - Office/Retail/Medical

Vacant Land for Lease
Catylist Listing ID: 29999667
Property Subtypes: Office, Retail, Retail-Pad
Building Status: Proposed
Gross Land Area: 1.39 Acres
Lease Rate: $75,000 (Annual)
$1.24 PSF (Annual)
Base Monthly Rent: $6,250
Lease Types: NNN
Last Updated: 6/24/2024

Overview / Comments

1.39 acres corner parcel available for ground lease. The property is located at the corner of Scenic Highway 98 and Bay Front Park Drive, just west of U.S. Highway 98 next to Magnolia Place, a Publix-anchored shopping center. The area features retail, professional office and residential neighborhoods. The City of Daphne is currently rebuilding the public pier, building sidewalks on either side of Bay Front Park Drive and enhancing Bay Front Park Drive itself. The City of Daphne also plans to build an amphitheater along the waterfront. Upon completion of the renovations to Bayfront Park, the property will be a part of a walkable entertainment district connected to the park. The City of Daphne is one of the fastest growing municipalities in the State of Alabama.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-43-03-71-0-007-038.001
Zoning: B-2
Property Located Between: U.S. Highway 98 and Mobile Bay
Property Visibility: Good
Largest Nearby Street: U.S. Highway 98
Feet of Frontage: 189
Highway Access: Scenic Highway 98 to U.S. Highway 98 to I-10
Airports: Mobile Downtown Airport - 14.2 miles, Pensacola 57 miles
Site Description: Located in the southwest corner of Main Street (Scenic Highway 98) and Bay Front Drive, just south of the signalized intersection at U.S. Highway 98. Magnolia Place, the Publix-anchored shopping center, is adjacent to the property and is home to a variety of retailers. The site features 189 feet of frontage on Scenic 98 and 319 feet along Bay Front Park Drive. The property good visibility and access. The site is 2.2 miles south of I-10. An abundance of retail, medical and residential properties are proximate to the property.
Area Description: The site is located in Daphne, Alabama, one of the most densely populated municipalities in Baldwin County, the fastest growing county in Alabama.
Lot Frontage: 189
Lot Depth: 319
Zoning Description: B-2
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,136 21,058 37,981
Median Age: 34.46 41.78 39.89
Households: 881 8,830 15,153

Contact

Photograph of Listing Agent

David Dexter

CRE Mobile Gulf Coast CMLS Member
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