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1229 Gulf Shores Pky

3,765 SF 87% Leased Office Building Gulf Shores, AL 36542 $1,900,000 ($505/SF) 5% Cap Rate

Office Space Alabama Gulf Shores 1229 Gulf Shores Pky, Gulf Shores, AL 36542

Investment Highlights

  • Afterhours security entry lock
  • Two entry ways (13th street and Gulf Shores Parkway aka Hwy 59)
  • Fenced/private courtyard in rear

Executive Summary

Two story multi-tenant office building located in the heart of Gulf Shores Parkway (aka Highway 59). Buyer must be willing to honor all existing leases. Possible owner financing with acceptable terms.
PLEASE DO NOT APPROACH TENANTS.
Rent roll will be provided with signed Confidentiality Agreement. Seller also owns the adjoining property and would consider an additional sale for the right buyer.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,765 SF
Building Class
C
Year Built
1985
Price
$1,900,000
Price Per SF
$505
Cap Rate
5%
NOI
$95,000
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,875 SF
Slab To Slab
8’
Building FAR
0.33
Land Acres
0.26 AC
Zoning
Commercial
Parking
18 Spaces (4.78 Spaces per 1,000 SF Leased)

Amenities

  • Courtyard
  • Signage
  • Natural Light

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 205
  • 495 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste 205 495 SF Office - Now

2nd Fl-Ste 205

Size
495 SF
Space Use
Office
Condition
-
Available
Now
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1229 Gulf Shores Pky, Gulf Shores, AL - aerial map view
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 66-04-17-1-000-059.000 Improvements Assessment $69,320
Land Assessment $114,640 Total Assessment $183,960

PROPERTY TAXES

Parcel Number
66-04-17-1-000-059.000
Land Assessment
$114,640
Improvements Assessment
$69,320
Total Assessment
$183,960
(251) 752-3512

  • Listing ID: 32423707

  • Date on Market: 7/11/2024

  • Last Updated:

  • Address: 1229 Gulf Shores Pky, Gulf Shores, AL 36542

More public record information on 1229 Gulf Shores Pky, Gulf Shores, AL 36542

The Office Property at 1229 Gulf Shores Pky, Gulf Shores, AL 36542 is currently available For Sale. Contact EXIT Realty Orange Beach for more information.

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1229 Gulf Shores Pky, Gulf Shores, AL for sale Building Photo- Image 1 of 6
Primary Photo
1229 Gulf Shores Pky, Gulf Shores, AL for sale Interior Photo- Image 2 of 6
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1229 Gulf Shores Pky, Gulf Shores, AL for sale Aerial- Image 3 of 6
1229 Gulf Shores Parkway - AERIAL
1229 Gulf Shores Pky, Gulf Shores, AL for sale Interior Photo- Image 4 of 6
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1229 Gulf Shores Pky
(251) 752-3512 x

1229 Gulf Shores Pky

T. Mark Cato

(251) 752-3512

(251) 752-3512

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