400' Perdido Beach Blvd Frontage and deeded beach access

Retail-Commercial for Sale
Catylist Listing ID: 30639082
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $5,690,000
Unit Price: $711.25 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2020

Overview / Comments

RARE opportunity to pick up prime real estate located in the heart of beautiful Orange Beach. This property has 400' of prime road frontage on Perdido Beach Blvd. The zoning classification is Neighborhood Business which gives ample opportunity for development/re-development of new commercial business space or has the ability to be used for single family or two-family dwellings. Brand new beach homes have been built on the back road (Romar Vista Pl). The entire property consist of roughly 45,000 sf with three (3) separate 5' pedestrian easements giving deeded access points to Romar Vista Pl which then gives direct access to the beach along side Opal Condominiums. Property currently consist of (4) vacant land lots, a duplex located on Romar Vista Pl, and (3) free-standing retail buildings that are currently tenant occupied.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: City of Orange Beach
Tax ID/APN: 05-65-04-17-0-000-003.002
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Adventure Island Amusement Park (<1 mile) and Hwy 161 (<1 mile)
Property Visibility: Excellent
Largest Nearby Street: Perdido Beach Blvd
Traffic/Vehicle Count: 23,519
Site Description: Mostly flat. Property consist of (4) vacant lots on Perdido Beach frontage that are 50'x100', (1) lot containing 200' Perdido Beach Blvd Frontage with three free standing retail buildings, and (1) lot measuring 50'x100' with a two-family dwelling
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Parking Type: Surface
Parking Description: Open Parking
Zoning Description: Neighborhood Business Zoning District
Lot Frontage: 400'
Lot Depth: 100'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: (3) separate 5' pedestrian easements that provide access from Perdido Beach Blvd to Romar Vista Pl.
Land Ownership: Fee Simple
Legal Description: Multiple Parcels that include Lots 34,37,40,43,46,47,49,52, and 55 of Romar Vista Subdivision

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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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