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Two-Suite Office Property
For Lease
$1,900/Mo

121 Cove Avenue, Gulf Shores, AL 36542

Commercial Lease, Gulf Shores, AL

Space SizeContact for details
Lot Size0.18 Acres
Days on Market103

Property Features for 121 Cove Avenue

General Information

Property type Commercial Lease
Property subtype Office
Parking features On Street
Lot features Less Than 1 Acre
Directions From AL-59 S, turn right Cove Ave, property will be on the left.
Subdivision Baldwin
Standard status Active
APN 66-03-08-4-000-050.017
Lot size 0.18 Acres

Taxes and HOA fees

Tax Description 85 X 87.5 Lot 16 Cove Commercial Park Mb11 P113 Sec 8-T9s- R4e (Wd Survivorship) Death Cert
Tax Annual Amount 3435
Legal Description 85 X 87.5 Lot 16 Cove Commercial Park Mb11 P113 Sec 8-T9s- R4e (Wd Survivorship) Death Cert

Utilities

Heating system Central
Cooling system Electric

Building Details

Year built 1983
Floors in Building 1
Roof type Composition
Listing Agency: RE/MAX on the Coast
Listed By: Dusty Cole · License #103880-1
Added: Jul 10 Changed: Oct 19 Last Checked: Oct 20 at 1:06PM
MLS# 412237

Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This office property at 121 Cove Avenue contains two distinct business suites, each with its own dedicated space and access through a shared main entrance. The suites may be leased separately or as a single property. The building dates to 1983 and has central heating and electric cooling.

On-street parking is available. The property is in Gulf Shores, Alabama, within Baldwin County.

Key Highlights

  • Two separate office suites with a shared main entrance
  • Suites may be leased individually or together
  • Built in 1983

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Building Supply (Bike/Boat/Book/etc) Store Garden Center Locksmith

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

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

915
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - The two business suites are available separately or together, with a common building entrance.
Where is this office unit located?
The property is located at 121 Cove Avenue Gulf Shores, AL.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: Two separate office suites with a shared main entrance; Suites may be leased individually or together; Built in 1983
More about this property
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