Catylist ID:
#30876430
| Catylist Listing ID: | 30876430 |
| Property Subtypes: | Office, Retail, Retail-Pad, Self Storage, Other |
| Gross Land Area: | 5.30 Acres |
| Sale Price: | $3,950,000 |
| Unit Price: | $745,283 Per Acre |
| Sale Terms: | Undisclosed, Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 9/13/2024 |
Overview / Comments
|
Prime Development Opportunity - 5.3 Acres on Canal Road, Orange Beach, AL Seize the chance to own a rare 5.3-acre parcel in the heart of Orange Beach, Alabama, located on bustling Canal Road. This prime development opportunity is perfect for investors or developers looking to create a commercial venture, residential community or mixed-use development. Property Highlights: Location: Situated on Canal Road, this property enjoys high visibility and easy access, making it ideal for various types of development. Size: 5.3 acres of flat, buildable land, offering ample space for your vision. Zoning: Flexible zoning allows for residential, commercial, or mixed-use possibilities. Proximity: Minutes away from the white sandy beaches of Orange Beach, local marinas, restaurants, shopping, and entertainment. Easy access to major highways and the nearby cities of Gulf Shores and Foley. Utilities: Utilities are available at the road, making development straightforward and cost-effective. Whether you envision a new residential subdivision, a retail center, or a mixed-use project, this property offers the perfect canvas for your next big development. Don't miss out on this exceptional opportunity to invest in one of the fastest-growing areas on the Gulf Coast. |
Attachments & Media
Additional Details
| Nearest MSA: | Daphne-Fairhope-Foley |
| County: | Baldwin |
| Taxing Authority: | Baldwin |
| Tax ID/APN: | 05-65-03-05-0-000-029.000 |
| Property Located Between: | J and M Tackle and Hwy 161 |
| Property Visibility: | Excellent |
| Legal Description: | 5.3 Ac(C) Lot 8 Blk 11 Gulf Bays Tract Ms1 Pg256 In The City Of Orange Beach Sec 5-T9s-R5e (Wd) |
| Largest Nearby Street: | Canal Road |
| Feet of Frontage: | 220 |
| Highway Access: | Canal Road |
| Airports: | Jack Edwards, PNS, MOB |
| Site Description: | Strategically positioned on the highly trafficked Canal Road, 25187 Canal Road is a prime commercial property in Orange Beach, Alabama. This 5.3-acre parcel, featuring a 4,000 sq. ft. building, offers immense potential for a variety of business ventures, making it an excellent investment in a rapidly growing market. Commercial Hub of Orange Beach: Prime Location: Canal Road serves as one of the main commercial arteries of Orange Beach, connecting the area to major thoroughfares and neighboring communities. The property’s location ensures high visibility and accessibility, ideal for attracting both local customers and tourists. Business Environment: Orange Beach has experienced significant growth in recent years, driven by its popularity as a tourist destination and its thriving local economy. The area around Canal Road has become a bustling commercial corridor, home to a mix of retail shops, restaurants, offices, and service businesses. This property’s location makes it suitable for a wide range of commercial uses, from retail and hospitality to professional services and light industrial operations. Tourism and Traffic: With over 6 million visitors annually, Orange Beach is a major draw for tourists, many of whom travel along Canal Road to access beaches, marinas, and entertainment venues. This constant flow of traffic provides businesses in the area with a steady stream of potential customers, making it an ideal location for ventures looking to capitalize on both local and visitor spending. Proximity to Key Amenities: The property is conveniently located near The Wharf, a premier entertainment district featuring shopping, dining, and a marina. It is also close to residential neighborhoods, schools, and other essential services, enhancing its appeal for both commercial and mixed-use developments. Infrastructure and Accessibility: Orange Beach benefits from well-developed infrastructure, including roads, utilities, and public services. The property’s position on Canal Road offers easy access to State Route 161, leading directly to the beaches and the Gulf State Park. Additionally, it is just a short drive from Jack Edwards National Airport and about an hour from Pensacola International Airport, providing easy access for business travel. |
| Lot Frontage: | 220 |
| Lot Depth: | 1020 |
| Zoning Description: | Commercial |
| Development Name: | Gulf Bay Tract |
| Topography: | Level |
| Available Utilities: | Water, Sewer |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 5,349 | 15,064 |
| Median Age: | 38.61 | 42.98 |
| Households: | 2,221 | 6,632 |
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