Turnkey Waterfront Seafood
16780 River Rd Bon Secour, AL 36511
For Sale
Contact for pricing
Pending
Turnkey seafood market for sale with multiple parcels, waterfront dock, retail space, and warehouse storage.
Property Size9,009 SF
Lot Size2.70 Acres
Days on Market333
Property Features for 16780 River Rd
General Information
Standard status
Pending
Size
9,009 SF
Lot size
2.70 Acres
Property subtype
RETAIL
Listing Agency:
Crye Leike
(251) 978-6160
Listed By:
Lydia Franz Thomsen · License #71136
(251) 978-6160
Source:
Moodyscre
Added: Sep 1, 2025
Changed: Jul 27
Last Checked: Jul 29 at 12:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye Leike
Investment Insights
Based on property information with market context.
This offering combines an established seafood market with real estate and included business assets. The sale is described as turnkey, including business equipment, fixtures, furniture, and inventory. Real estate includes 2.7 acres with 978 total feet of waterfront, supported by three parcels with a mix of seafood market, retail/hospitality, office, and warehouse storage and freezer space.
Parcel 1 includes a 2,143 sq ft seafood market, plus 448 sq ft of office and 1,048 sq ft of warehouse storage, along with a 520-foot dock. Parcel 2 includes 1,372 sq ft of retail/hospitality space and an additional 1,980 sq ft waterfront deck that is presented as suitable for outdoor seating and entertainment. The property also includes 2,782 sq ft of warehouse storage and freezer space under Parcel 3.
The property is located at 16780 River Rd in Bon Secour, Alabama, with waterfront access supported by the dock and deck components across the parcels.
Parcel 1 includes a 2,143 sq ft seafood market, plus 448 sq ft of office and 1,048 sq ft of warehouse storage, along with a 520-foot dock. Parcel 2 includes 1,372 sq ft of retail/hospitality space and an additional 1,980 sq ft waterfront deck that is presented as suitable for outdoor seating and entertainment. The property also includes 2,782 sq ft of warehouse storage and freezer space under Parcel 3.
The property is located at 16780 River Rd in Bon Secour, Alabama, with waterfront access supported by the dock and deck components across the parcels.
Key Highlights
- Billy’s Seafood market in operation for over 50 years, offering business and real estate for $2,785,000 with owner financing available to qualified buyers
- Real estate includes 2.7 acres with 978 total feet of waterfront and a 520‑ft dock
- Parcel 1: 2,143 SF seafood market plus 448 SF office, 1,048 SF warehouse storage, and includes business equipment, fixtures, furniture, and inventory
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 | $153.5k | $17.04 |
| − Vacancy | −$8.9k | −$0.99 |
| EGI | $144.6k | $16.05 |
| − OpEx | −$36.2k | −$4.01 |
| NOI | $108.5k | $12.04 |
9,009 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,457 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$1.38M
$1.21M – $1.62M
NOI $96,940 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,654 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey seafood market for sale with multiple parcels, waterfront dock, retail space, and warehouse storage.
Where is this grocery and convenience store located?
The property is located at 16780 River Rd Bon Secour, AL.
What is the asking price?
The asking price for this property is $2,785,000.
What are key features of this property?
This property features: Billy’s Seafood market in operation for over 50 years, offering business and real estate for $2,785,000 with owner financing available to qualified buyers; Real estate includes 2.7 acres with 978 total feet of waterfront and a 520‑ft dock; Parcel 1: 2,143 SF seafood market plus 448 SF office, 1,048 SF warehouse storage, and includes business equipment, fixtures, furniture, and inventory
