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    324 E 24Th Ave Gulf Shores, AL 36542

    For Sale
    $2,100,000

    Prime corner lot suitable for redevelopment in Gulf Shores, AL.

    Property size:
    30,000 SF
    Lot size:
    0.27 Acres

    Property Features for 324 E 24Th Ave

    General Information

    Size
    30,000 SF
    Lot size
    0.27 Acres

    Source: RE/MAX of Gulf Shores Agent Charles Ogletree

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lot Redevelopment Opportunity

    This property presents a redevelopment opportunity as a corner lot situated in the Waterway Village Overlay District of Gulf Shores, Alabama. A concept for a three-story building is under development, which includes retail space on the first floor and apartment or condominium units on the second and third floors. The property has a size of 30000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Realty agency Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6818381
    Latitude
    30.2782653

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    FAQs

    What type of property is this?
    Commercial land - Prime corner lot suitable for redevelopment in Gulf Shores, AL.
    Where is this commercial land located?
    The property is located at 324 E 24Th Ave Gulf Shores, AL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Prime corner lot location.; - Situated in the Waterway Village Overlay District.; - Ideal for redevelopment projects.
    (251) 978-0121
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    324 E 24Th Ave Gulf Shores, AL 36542
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    324 E 24Th Ave Gulf Shores, AL 36542
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