For Sale
$5,987,500

1720 Alabama 59Gulf Shores, AL 36542

Prime Location 46,780 SF Shopping Center For Sale, Gulf Shores, AL

Source: https://www.saltercompany.com

Overview

Added:
Feb 10
Days on market:
55
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 Details for 1720 Alabama 59

Property type
Retail properties
Square Feet
53,038 SF
Price / Square Foot
$112.89
Year Built
1981
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
46,780 SF
Lot Size (sq. ft)
297,079 SF

Location Insight

City
Gulf Shores
County
Baldwin
State
Alabama

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1720 Alabama 59
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