Restaurant in the heart of Gulf Shores, Alabama

Retail-Commercial for Sale
Catylist Listing ID: 30721111
Property Subtypes: Restaurant
Building Size (RSF): 3,757 SF
Gross Building Area: See Agent
Gross Land Area: 215 - 125 SF
Sale Price: $2,115,000
Unit Price: $562.95 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 135
Last Updated: 7/20/2021

Overview / Comments

Restaurant Space for sale on State Hwy 59! This building was built in 2014 and the owners just completely renovated it. It has new top of the line flooring throughout, a brand new bar that is beautiful and very functional, a rebuilt vent hood, all new lighting fixtures inside and out, and much more! It has a very functional kitchen with a large walk-in cooler and freezer. There is a beautiful covered exterior patio with ceiling fans and tv's that is a perfect place to relax and enjoy the gulf coast weather. There is a large two-sided lighted sign cabinet, and a two-sided LED digital sign that is operational, with additional signage attached to the building. The landscaping is beautiful and very easy to maintain, and the property offers 40 parking spaces. There is also a large office with lots of storage. This excellent opportunity includes tables and chairs, a functional point of sales system, two ice machines, and so much more. The interior and exterior were painted in March of 2021. Bring your concept and enjoy immediate success at this perfect location in Gulf Shores!

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-66-04-17-1-000-060.000
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Fort Morgan Rd and Gulf Beach Hwy/182
Property Visibility: Excellent
Largest Nearby Street: State Hwy 59
Feet of Frontage: 75
Highway Access: Direct frontage on St Hwy 59; 2 blocks south of St Hwy 180; 1 mile north of Gulf Beach Hwy/182; 2 miles south of Jack Edwards National Airport
Airports: Jack Edwards National Airport 2 miles; PNS 38 miles
Site Description: Includes parcel ID 66-04-17-1-000-061.000 & 66-04-17-1-000-063.001
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2014
Year Renovated: 2021
Roof Type: Other
Construction/Siding: Stucco
Exterior Description: Current owners just repainted the exterior with Sherwin Williams commercial paint, installed new exterior lighting, and all of the landscaping has been redone.
Total Parking Spaces: 38
Parking Type: Surface
Heat Source: Central
Air Conditioning: Engineered System, Package Unit
Internet Access: Cable
In Flood Plain?: Yes
Lot Frontage: 75
Lot Depth: 115
Water Service: Municipal
Easements: Utilities
Legal Description: 76' X 115' S Gulf Shores Unit 3 Blk 16 Lot 5 & Pt 6 Sec 17 T9 S R4e (Wd)

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,159 16,059
Median Age: 40.34 40.23
Households: 4,175 7,059

Contact

Photograph of Listing Agent

Brent L. Sexton

EXIT Allstar Gulf Coast Realty Gulf Coast CMLS Member
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