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Gulf Shores Retail Space Opportunity
For Sale
$850,000

321 E Canal Dr, Gulf Shores, AL 36542

904 SF Retail For Sale 321 E Canal Dr

Property Size904 SF
Lot Size2.13 Acres
Price / SF$940.27
Days on Market573

Property Features for 321 E Canal Dr

General Information

Standard status Active
Property type Other retail properties, Individual retail properties, Other mixed-use properties, Retail properties & Spaces, Mixed-use properties
Size 904 SF
Net Rentable 904 SF
Elevators N/A
Lot size 2.13 Acres

Building Details

Year Built 1965
Year Renovated 2021
Buildings 1
Stories 1
Listing Agency:
Listed By: Paul
Added: Feb 6, 2025 Changed: Mar 16

Investment Insights

Based on property information with market context.

This 904-square-foot retail property is located in Gulf Shores, Alabama's Waterway Village District South. This area is undergoing significant redevelopment, with the city investing over $15 million in infrastructure improvements. A new pedestrian bridge and city park are planned within 200 feet of the property. This project, currently in the design phase with secured funding, will enhance walkability and create a more attractive environment. The property's location on East Canal Drive will benefit from the creation of a new city street with adjacent visitor parking, improving accessibility and reducing traffic congestion. The property is situated on a 2.13-acre lot. The property's proximity to Big Beach Brewery further enhances its appeal. The property's current configuration offers immediate occupancy potential, while the surrounding improvements promise increased foot traffic and enhanced visibility.

Property Analytics

Current Use

Retail properties & Spaces

Suggested Use

Top Pick Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13
Businesses Nearby

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Other retail property - 904 SF Retail For Sale 321 E Canal Dr
Where is this other retail property located?
The property is located at 321 E Canal Dr Gulf Shores, AL.
What is the asking price?
The asking price for this property is $850,000.
More about this property
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