Gulf Shores Retail Investment
For Sale
$5,987,500
1720 Alabama 59, Gulf Shores, AL 36542
Prime Location 46,780 SF Shopping Center For Sale, Gulf Shores, AL
Property Size53,038 SF
Lot Size6.82 Acres
Price / SF$112.89
Days on Market614
Property Features for 1720 Alabama 59
General Information
Standard status
Active
Property type
Shopping centers, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
53,038 SF
Net Rentable
46,780 SF
Elevators
N/A
Lot size
6.82 Acres
Building Details
Year Built
1981
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 10, 2025
Changed: Mar 16
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Investment Insights
Based on property information with market context.
This 53,038 square foot shopping center is located at 1720 Alabama 59 in Gulf Shores, Alabama, zip code 36542. Situated on a 6.82-acre lot, the multi-tenant property benefits from a high daily traffic count of 47,000 vehicles and excellent visibility on Highway 59. 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. The property is 100% occupied and contains 46,780 square feet.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36542, AL
16,993
Population
18,551
Households
0.9
Avg Household Size
51
Median Age
38%
College-Educated
95%
High-School Grad
52.0 sq mi
ZIP Area
327
Density / Sq Mi
$74,861
Median Household Income
$35,580
Median Earnings
$1,365
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Prime Location 46,780 SF Shopping Center For Sale, Gulf Shores, AL
Where is this shopping center located?
The property is located at 1720 Alabama 59 Gulf Shores, AL.
What is the asking price?
The asking price for this property is $5,987,500.
