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645 Gulf Shores Pky 4,542 SF 100% Leased Office Building Gulf Shores, AL 36542 $3,124,705 CAD ($687.96 CAD/SF)
Investment Highlights
- 242' Hwy 59 Frontage - Corner Lot
- High Traffic Count
- Re-development plans available for restaurant/bar
Executive Summary
RE-DEVELOPMENT OPPORTUNITY! Prime Corner Property with 242' of Hwy 59 Frontage in the Heart of Gulf Shores! Property has 128' of frontage on Windmill Ridge Road (West Beach Bypass). 31,665 AADT (see attachment).
This unique offering includes three separate parcels—two currently housing a 4,542 sq. ft., 2-story office building on a high-traffic CORNER of Hwy 59 & Windmill Ridge Rd. The third parcel is currently a graveled parking area. The office space features two floors of private & semi-private offices, two conference rooms, two kitchenettes, men/women's restrooms on both floors, making it ready for continued business use or future redevelopment. Commercial grade elevator (2-Stop).
Located just a few blocks from the beach in the bustling Beach Overlay District, this property is within walking distance of tourist hotspots, shopping, and dining. With redevelopment plans available for a restaurant/bar, this site presents a prime opportunity for investors and developers looking to create a standout destination.
Take advantage of this rare opportunity in one of Gulf Shores' most desirable commercial areas! Offering includes 3 parcels - PPIN's 77972, 3496, & 29339.
Seller is a licensed real estate broker in the State of Alabama.
This unique offering includes three separate parcels—two currently housing a 4,542 sq. ft., 2-story office building on a high-traffic CORNER of Hwy 59 & Windmill Ridge Rd. The third parcel is currently a graveled parking area. The office space features two floors of private & semi-private offices, two conference rooms, two kitchenettes, men/women's restrooms on both floors, making it ready for continued business use or future redevelopment. Commercial grade elevator (2-Stop).
Located just a few blocks from the beach in the bustling Beach Overlay District, this property is within walking distance of tourist hotspots, shopping, and dining. With redevelopment plans available for a restaurant/bar, this site presents a prime opportunity for investors and developers looking to create a standout destination.
Take advantage of this rare opportunity in one of Gulf Shores' most desirable commercial areas! Offering includes 3 parcels - PPIN's 77972, 3496, & 29339.
Seller is a licensed real estate broker in the State of Alabama.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$16,018
|
$3.53
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,018
|
$3.53
|
Financial Summary (Actual - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $16,018 |
| Annual Per SF | $3.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $16,018 |
| Annual Per SF | $3.53 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
4,542 SF
Building Class
C
Year Built
1999
Price
$3,124,705 CAD
Price Per SF
$687.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,271 SF
Slab To Slab
12’
Building FAR
0.16
Lot Size
0.64 AC
Zoning
BT 1-N - Please see additional documents for zoning ordinance.
Parking
35 Spaces (7.71 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
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Property Taxes
| Parcel Numbers | Total Assessment | $486,548 CAD | |
| Land Assessment | $223,990 CAD | Annual Taxes | $16,018 CAD ($3.53 CAD/SF) |
| Improvements Assessment | $262,558 CAD | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$223,990 CAD
Improvements Assessment
$262,558 CAD
Total Assessment
$486,548 CAD
Annual Taxes
$16,018 CAD ($3.53 CAD/SF)
Tax Year
2024
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645 Gulf Shores Pky
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