Catylist ID:
#30873856
Beachside Re-Development Opportunity
Retail-Commercial
for Sale
Also listed as Vacant Land
| Catylist Listing ID: | 30873856 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Street Retail |
| Building Size (RSF): | 8,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 40,000 SF |
| Sale Price: | $4,750,000 |
| Unit Price: | $593.75 PSF |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Building Name: | Tallulah's and Salt Apparel |
| Sale Terms: | Cash to Seller, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/18/2024 |
Overview / Comments
|
400' of prime frontage on Perdido Beach Blvd. The property consists of (4) vacant land lots fronting Perdido Beach Blvd, (4) lots consisting of (3) free standing retail centers. This property would be an excellent opportunity for a mixed-use development or high end vacation rental properties. Commercial/Retail - If the existing structures are torn down, a commercial building as large as 5000 sf could be built, anything larger and there would not be adequate parking spots and would need to have PUD approval to do anything larger than 5000 sf. Existing structures have been there since pre 1950s and some believe to be some of the oldest structures still remaining on Perdido Beach Blvd. These buildings could be completely restored and to create a must stop shopping experience for locals and tourist. Vacation Rental Redevelopment - There are (8) originally platted lots on the property with each lot measuring 50' x 100'. Single Family or a duplex could be built on each lot BY RIGHT. No need for PUD approval to build (8) single family homes or duplexes. Call agent regarding questions on zoning, proposed uses, size of homes, potential rental revenues, etc. Andrew Lewis 713-294-5518 |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Tax ID/APN: | 05-65-04-17-0-000-003.002 |
| Zoning: | NEIGHBORHOOD BUSINESS |
| Retail Clientele: | Family, Traveler, Tourist, Other |
| Property Located Between: | .5 miles east of Adventure Island and .5 miles west of Hwy 161 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Perdido Beach Blvd |
| Feet of Frontage: | 400 |
| Traffic/Vehicle Count: | 24,000 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Property Condition: | Average |
| Construction/Siding: | Block |
| Exterior Description: | Cement Block and wood frame |
| Parking Type: | Surface |
| Parking Description: | Open parking |
| Zoning Description: | Neighborhood Business |
| Lot Frontage: | 400' |
| Lot Depth: | 100' |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Ingress/Egress |
| Land Ownership: | owned |
| Legal Description: | Lots 34,37,40,43,46,49,52,55 of Romar Vista Pl Subdivision |
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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