Beachfront Restaurant with High Income
23479 Perdido Beach Blvd Orange Beach, AL 36561
23479 Perdido Beach Blvd, Orange Beach, AL, 36561
$1,500,000
For Sale
$1,500,000
3,625 SF Beach Bar and Restaurant For Sale
Property Size3,625 SF
Lot Size0.70 Acres
Price / SF$413.79
Days on Market526
Property Features for 23479 Perdido Beach Blvd
General Information
- Standard status
- Active
- Property type
- Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
- Size
- 3,625 SF
- Net Rentable
- 3,625 SF
- Class
- B
- Elevators
- N/A
- Lot size
- 0.70 Acres
Building Details
- Year Built
- 1984
- Buildings
- 1
- Stories
- 2
Listing Office
(850) 564-0120
Listed by
Paul
(850) 564-0120
Added: Feb 6, 2025 Checked: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
Located in Orange Beach, Alabama, this established restaurant and bar offers a prime beachfront location. The property features a 3,625 square foot building with 138 seats and ample parking. The site has 155 feet of frontage. Included in the sale is an additional adjacent lot to the west, bringing the total land area to 0.7 acres. The current lease, expiring December 31st, 2025, is below market value. The existing business has a strong income and loyal clientele. The business is available for purchase separately from the real estate. This turnkey operation is ready for immediate success, combining a desirable location with a proven track record. This property presents a chance to acquire a thriving coastal business and its accompanying real estate in a high-demand tourist destination.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $17.04 |
| − Vacancy | −$3.6k | −$0.99 |
| EGI | $58.2k | $16.05 |
| − OpEx | −$14.5k | −$4.01 |
| NOI | $43.6k | $12.04 |
3,625 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$623.4K
$545.5K – $727.4K
NOI $43,641 @ 7.0% cap · market cap 2.91%
Second Best
Retail
$557.2K
$487.6K – $650.1K
NOI $39,006 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$871.7K
$762.8K – $1.02M
NOI $61,022 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Flying Harpoon 2
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - 3,625 SF Beach Bar and Restaurant For Sale
Where is this restaurant located?
The property is located at 23479 Perdido Beach Blvd Orange Beach, AL.
What is the asking price?
The asking price for this property is $1,500,000.
