Calling for Offers! Due, Sept 20 @ 5:00 pm | 1720 Gulf Shores Pky
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Calling for Offers! Due, Sept 20 @ 5:00 pm 1720 Gulf Shores Pky
46,780 SF Vacant Retail Building Gulf Shores, AL 36542 £4,762,568 (£102/SF) 6.20% Net Initial Yield
Investment Highlights
- 47,000 DTC on Gulf Shores Pkwy (Hwy 59) main corridor for Gulf Shores
Executive Summary
Paradise Isle Shopping Center is an extremely well-located, 100% occupied, multi-tenant shopping center, anchored by a newly built Publix, with a high daily traffic count (DTC 47,000) and excellent visibility and access on Gulf Shores Pkwy (Hwy 59), the main corridor to Gulf Shores and Orange Beach from the I-65 and I-10 interstates. This shopping center is in a prime location within 1.5 miles from the Gulf Shores bustling strip of tourist attractions and hotels. The property is located on 4.3 acres and the buildings have a total of 46,780 sf with a projected net operating income at $371,600. The property is zoned BG – General Business District and is intended to provide locations for a mixture of commercial, service, lodging, multi-family, and other compatible uses serving community needs.
Property Attributes:
* Publix – completely rebuilt in 2024 and holds a 20-year lease which commenced in 2024
* Auto Zone – 10-year lease begins 2024 – 2025
* Hwy 59 widening and improvement project will be completed in 2026 and includes user-friendly entrances and
access management to Publix (7 access points for ingress & egress).
* Embassy Suites, a $85 million project, 1.7 miles from Paradise Isle SC is now underway and will be completed in July
2025.
* The iconic, newly rebuilt Lodge at Gulf State Park, a $140 million project, funded by the State of Alabama, is within 3
miles from Paradise Isle SC.
* There are numerous barriers for new retail development which in turn will make this property appreciate in value.
* Offered well below replacement cost at $128/sqft.
Property Attributes:
* Publix – completely rebuilt in 2024 and holds a 20-year lease which commenced in 2024
* Auto Zone – 10-year lease begins 2024 – 2025
* Hwy 59 widening and improvement project will be completed in 2026 and includes user-friendly entrances and
access management to Publix (7 access points for ingress & egress).
* Embassy Suites, a $85 million project, 1.7 miles from Paradise Isle SC is now underway and will be completed in July
2025.
* The iconic, newly rebuilt Lodge at Gulf State Park, a $140 million project, funded by the State of Alabama, is within 3
miles from Paradise Isle SC.
* There are numerous barriers for new retail development which in turn will make this property appreciate in value.
* Offered well below replacement cost at $128/sqft.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
46,780 SF
Building Class
C
Year Built/Renovated
1984/2024
Price
£4,762,568
Price Per SF
£102
Net Initial Yield
6.20%
NOI
£295,279
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.25
Lot Size
4.30 AC
Zoning
BG - Business General - The property is zoned BG – General Business District and is intended to provide locations for a mixture of commercial, service,
Parking
301 Spaces (6.43 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalised Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Auto Zone
- -
- 10,080 SF
- -
- -
- Gulf Shores United Methodist Church
- -
- 5,360 SF
- -
- -
- Nail Boutique & Spa
- -
- 1,400 SF
- -
- -
- Publix
- Retailer
- 25,740 SF
- -
- -
- ReSale Heaven
- -
- 4,200 SF
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Auto Zone | - | 10,080 SF | - | - | ||
| Gulf Shores United Methodist Church | - | 5,360 SF | - | - | ||
| Nail Boutique & Spa | - | 1,400 SF | - | - | ||
| Publix | Retailer | 25,740 SF | - | - | ||
| ReSale Heaven | - | 4,200 SF | - | - |
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £350,954 | |
| Land Assessment | £1,324,053 | Total Assessment | £1,675,008 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£1,324,053
Improvements Assessment
£350,954
Total Assessment
£1,675,008
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Calling for Offers! Due, Sept 20 @ 5:00 pm | 1720 Gulf Shores Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.