Gulf Shores Condo Investment Suite A

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30189600
Property Subtypes: Business Park, Flex Space, Office Building
Building Size (RSF): 3,200 SF
Gross Land Area: 1.72 Acres
Sale Price: $300,000
Unit Price: $93.75 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Building Name: Gulf Shores Business Center Condo
Class of Space: Class B
Usable Size (USF): 3,200 SF
Sale Terms: Cash to Seller
Cap Rate: 9.8%
Last Updated: 9/17/2018

Overview / Comments

Investment property 3200sf Office for $300,000 trading at a 9.8% cap located inside the Gulf Shores Business and Industrial Park. Close to the airport, businesses and restaurants. Suite A, 3200 SF office unit which is heated and cooled, versatile space with an existing lease to a management company until November 30, 2020. Located on the West end cap of the building. Tenant pays utilities and $2500 per year for prorata share of insurance.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Gulf Shores
Tax ID/APN: 05-66-02-04-4-001-001.034
Zoning: IND - INDUSTRIAL AND BUSINESS
Property Located Between: Waterway East Blvd and East 2nd St
Property Visibility: Good
Highway Access: Highway 59
Airports: Gulf Shores/ Pensacola
Site Description: When headed north on highway 59, take a right onto E 29th Avenue (next to the Track). Take a Right on Second Street. Take a Left on Waterway Blvd. Take a Left on Commerce Drive. Building will be toward the end of the street on your right.
Area Description: Gulf Shores Industrial Park is a quiet setting that has many businesses that thrive in the Gulf Shores area. The park is a short distance from the airport and Hwy 59.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,200 SF
Year Built: 2006
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Metal construction with glass doors
Parking Type: Surface
Parking Description: Lot contains ample parking with exterior lighting front surrounding the 250' wide lot.
Total Parking Spaces: 32
Sprinklers: Other
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Other
Interior Description: Multiple Offices
Zoning Description: IND - INDUSTRIAL AND BUSINESS
Lot Frontage: 250
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: none known
Legal Description: UNIT# 1B GULF SHORES BUSINESS CENTER CONDO IN THE CITY OF GU LF SHORES SEC 4 T9S-R4E (QCD)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,239 9,159 16,059
Median Age: 33.75 40.34 40.23
Households: 538 4,175 7,059
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.