1720 Alabama 59 Gulf Shores, AL 36542

This exceptional investment opportunity presents a 46,780 square foot, 100% occupied shopping center ideally situated in Gulf Shores, Alabama, at 1720 Alabama 59, zip code 36542. Boasting a prime location on a 6.82-acre lot, this multi-tenant property benefits from a daily traffic count of 47,000 vehicles and excellent visibility on Highway 59, the main thoroughfare connecting Gulf Shores and Orange Beach to Interstates 65 and 10. The center is anchored by a newly constructed Publix supermarket, operating under a 20-year lease commencing in 2024. AutoZone also occupies space with a 10-year lease starting in 2024-2025. The property's projected net operating income is $371,600. Significant infrastructure improvements are underway, including the completion of Highway 59 widening and enhancements in 2026, providing improved access to the Publix with seven ingress/egress points. Furthermore, the area is experiencing substantial growth, with the construction of an $85 million Embassy Suites hotel (1.7 miles away, completion July 2025) and the recently completed $140 million Lodge at Gulf State Park (within 3 miles). The property is zoned BG – General Business District, allowing for a variety of commercial uses. High barriers to entry for new retail development further enhance the property's long-term value. Offered at $5,987,500 ($128/sq ft), this is a compelling opportunity well below replacement cost. The total building size is 53,038 square feet.