Freestanding Retail/Restaurant Space in Downtown OWA

Retail-Commercial for Lease
Catylist Listing ID: 30873711
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Contiguous Space: 4,296 SF
Gross Building Area: 4,296 SF
Gross Land Area: 520 Acres
Lease Rate: $25 - 28 PSF (Annual)
Base Monthly Rent: $8,950 - 10,024
Lease Types: NNN
In Opportunity Zone? Yes
Building Name: Downtown OWA
Last Updated: 9/18/2024

Overview / Comments

This shell space is perfectly positioned on OWA's 14-acre centerpiece lake for the BEST waterside dining views! Located directly across from The Spice & Tea Exchange, OWA's brand-new indoor Pickleball facility, and steps away from the OWA Theater, this freestanding restaurant or retail space is ready for build out. Landlord will deliver in Vanilla Shell condition, and the slab has been left unfinished to allow for easy plumbing lay in for a potential restaurant tenant.

Downtown OWA is anchored by OWA's 14-acre Tropic Falls amusement park with 23 attractions including an indoor water park, 14-acre centerpiece lake offering interactive fountain shows nightly, Island Amphitheater featuring year-round outdoor concerts, and Big Water Bay, a 30,000 SF tropical wave pool and surf simulator. Each space offers a distinct storefront, flexible and encouraged EXTRA branding opportunities, and excellent terms.

Expand All Available Space

Suite: Building 202 4,296 SF $25 - 28 PSF (Annual) NNN
Space Available: 4,296 SF
Lease Rate: $25 - 28 PSF (Annual)
$8,950 - 10,024 (Monthly)
Lease Type: NNN
Space Description: Shell space featuring a large, covered outdoor dining area facing the lake, private outdoor storage, and unfinished slab ready for kitchen plumbing to be laid in. Landlord will deliver in Vanilla Shell condition.
Space Subcategory: Free-Standing Store, Theme/Festival
Date Available: 3/1/2023
Space Type: New
Offices 1
Operating Expenses $6 PSF (Annual)
CAM Expenses $1.50 PSF (Annual)

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Submarket Type: Central Business District
Taxing Authority: Baldwin County
Tax ID/APN: 05-61-02-03-0-000-009.000
Zoning: PDD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Foley Beach Express and Hwy 59
Property Visibility: Excellent
Largest Nearby Street: Foley Beach Express
Traffic/Vehicle Count: 27,201
Highway Access: Direct Access to the Main Entrance is on the Foley Beach Express and an entrance to Hwy 59.
Airports: Foley Municipal Airport
Site Description: OWA is a 520 acre mixed use resort development which includes: ~ "The Park at OWA" 23+ signature amusement park rides, Wacky Waters Splash Pad, and Tropic Falls Water Park. ~ "Downtown OWA" - Admission-free streetscape of dining, retail, and entertainment with tenants such as Starbucks, Groovy Goat, C'est Le Vin, Hershey's Ice Cream, Fairhope Soap Company, The Spice & Tea Exchange, The Arcade at OWA, Clash eSports & VR Experience, and More! ~ TownePlace Suites by Marriott Hotel ~ Foley Sports Tourism Complex consisting of a $40 million multiplex with 16 state-of-the-art outdoor fields that feature a championship field equipped with TV ready lighting, press box, and seating for up to 1,000. ~ 90,000 SF Indoor Events center * 190-lot Tropic Hideaway RV Resort featuring pickleball courts, pool, and clubhouse. * Big Water Bay - 30,000 SF Tropical Wave Pool and Surf Simulator with an outdoor entertainment stage! *Brand New Indoor Pickleball complex recently opened within Downtown OWA!
Area Description: Coastal Alabama is the state's #1 tourist destination and #1 market for incoming business development. Its cities are comprised of Foley, Gulf Shores, and Orange Beach.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2017
Construction/Siding: Brick
Exterior Description: Southern Streetscape styles
Parking Type: Surface
Parking Description: Free Parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: PDD – PLANNED DEVELOPMENT DISTRICT The purpose of the Planned Development District is to achieve more flexibility and orderly commercial development in a unified grouping than would be possible through the strict application of the existing business and commercial zoning districts. This district is intended to encourage innovative development that is integrated with adjacent land uses through the zoning approval process.
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 99.6 AC IRR LOT 4-B AMENDED BC FOLEY PLAT3 RESUBDIVISION OF PORTIONS OF PLAT 2 & MAGNOLIA WALK SUBDIVISIONS SLIDE 2798-E &F, SLIDE 2567-F, SLIDE 2561-D, & SLIDE 2501-E IN THE CITY O F FOLEY SEC 3-T8S-R4E (MGT FORC DEED)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,218 11,508 24,653
Median Age: 52.05 38.31 40.23
Households: 957 4,697 10,013

Contact

Photograph of Listing Agent

Angela McArthur

Stirling Daphne Gulf Coast CMLS Member
Photograph of Listing Agent

Kaelan McArthur

Stirling New Orleans Daphne, AL 36526
Not a member of Gulf Coast CMLS
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