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24191 Perdido Beach Boulevard - Lot 5 - 24191 Perdido Beach Boulevard, Orange Beach, AL

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24191 Perdido Beach Boulevard - Lot 5 - 24191 Perdido Beach Boulevard

Orange Beach, AL 36561 - Baldwin County Submarket

Property Type:Land Parcel Size:43.69 Acres
For Sale Price:$3,700,000 Price/Acre:$84,688 Price/SF:$1.94

Portfolio:This property is for sale (for $10,300,000) as part of a portfolio of 3 properties. Topography:-
Proposed Use:Retail

On-Site Improv:-

Sale Notes:
This offering is a 54.82 acre planned development with 4 retail out-parcels ranging from 1.06 to 2.76 acres. Each out-parcel is ideal for Retail, Hospitality, Restaurant, Hotel or an Entertainment Complex. Zoning for the parcels is GB "General Business" which allows for 1000+ Residential Low Rise Condominiums and retail trades and services that serve the residents and seasonal populations. The property is stubbed with utilities such as water, sewer and electrical. An access road between Lot 2 and Lot 3 has been installed for complete access to Lots 1, 4 and 5. The site has more than 935 feet of frontage on Hwy 182 and is 1,632 feet deep at its longest point. The wetlands delineation indicates that the 4 out-parcels are high and dry. On the north side of the property it is determined that 13.66 Acres of wetlands leaving approximately 41.23 Acres usable.

This property is centrally located on the north side of Perdido Beach Blvd (Hwy 182) directly across the street from The Gulf of Mexico. The property sits adjacent to Live Bait Restaurant and Wintzell's Oyster House which is less than 1.5 miles west of Hwy 161, one of the main thoroughfares from I-10 to the Gulf of Mexico beach. Within a 2.5 mile radius of this property, there are more than 40 high rise condominiums including the areas newest projects: Phoenix East, Phoenix West and Turquoise Place. According to the Convention and Visitors Bureau, there over 16,500 accommodations for rent in Gulf Shores, Orange Beach and Ft. Morgan (sub-markets of the Alabama Gulf Coast) and the area attracts 1,512,100 out of town guests annually (Fall 12' - Summer 13').

SVN Southland Commercial Real Estate
Michael Carro
(850) 434-7500 x131

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