Updated Storefront at Signalized
For Sale
$499,900
1903 US Highway 31, Bay Minette, AL 36507
SINGLE_FAMILY - Bay Minette, AL
Property Size1,400 SF
Lot Size0.65 Acres
Price / SF$357.07
Days on Market63
Property Features for 1903 US Highway 31
General Information
Property type
Residential
Property subtype
Retail
Zoning
WithinCorpLimits
Lot features
Level, Corner Lot
Directions
Heading N on Hwy 59 towards Bay Minette: property is on your R (immediately after red light) across from Coastal Community College.
Subdivision
Baldwin
Standard status
Active
APN
23-05-21-4-000-007.000
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
150 X 190 BEG AT THE SW COR OF LOT 6 BLK 1 GREEN ACRES SUB UNIT 3 RUN TH ELY 150, NLY 190, WLY 150, SLY 190 TO POB IN THE CITY OF BAY MINETTE SEC 21-T2S-R3E (WD SURVIVORS HIP)
Tax Annual Amount
1738
Legal Description
150 X 190 BEG AT THE SW COR OF LOT 6 BLK 1 GREEN ACRES SUB UNIT 3 RUN TH ELY 150, NLY 190, WLY 150, SLY 190 TO POB IN THE CITY OF BAY MINETTE SEC 21-T2S-R3E (WD SURVIVORS HIP)
Utilities
Heating system
Electric (Heating), Central
Water front features
Waterfront
Building Details
Year built
1968
Floors in Building
1
Flooring type
Tile
Listing Agency:
Delta Realty LLC
(251) 937-6789
Listed By:
Mark Frenette · License #84039
(251) 377-9058
Added: Jun 3
Changed: Aug 4
Last Checked: Aug 4 at 4:06PM
MLS# 397465
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.
Investment Insights
Based on property information with market context.
This storefront property includes a 1,400-square-foot commercial building on a 0.652-acre corner lot. The building dates to 1968 and was updated in 2022, with tile flooring and electric central heating. Its configuration is positioned for a small business, doctor's office, convenience store, or professional-services operation.
The property provides 190 feet of highway frontage and sits at a signalized intersection for direct roadway access. It is across from Coastal Alabama Community College and lies along a route serving beach-bound traffic. The site is within corporate limits and includes a waterfront feature.
The property provides 190 feet of highway frontage and sits at a signalized intersection for direct roadway access. It is across from Coastal Alabama Community College and lies along a route serving beach-bound traffic. The site is within corporate limits and includes a waterfront feature.
Key Highlights
- 1,400‑square‑foot commercial building on a 0.652‑acre lot
- 190 feet of highway frontage at a signalized intersection
- Updated in 2022 with tile flooring
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 | $23.9k | $17.04 |
| − Vacancy | −$1.4k | −$0.99 |
| EGI | $22.5k | $16.05 |
| − OpEx | −$5.6k | −$4.01 |
| NOI | $16.9k | $12.04 |
1,400 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$240.8K
$210.7K – $280.9K
NOI $16,854 @ 7.0% cap · market cap 3.37%
Second Best
Healthcare Medical
$239.2K
$209.3K – $279.1K
NOI $16,746 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$336.7K
$294.6K – $392.8K
NOI $23,567 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36507, AL
19,608
Population
8,615
Households
2.3
Avg Household Size
41
Median Age
17%
College-Educated
84%
High-School Grad
343.1 sq mi
ZIP Area
57
Density / Sq Mi
$47,919
Median Household Income
$34,985
Median Earnings
$872
Median Rent
$160,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Updated commercial space offers highway frontage and convenient access at a signalized intersection.
Where is this storefront property located?
The property is located at 1903 US Highway 31 Bay Minette, AL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 1,400‑square‑foot commercial building on a 0.652‑acre lot; 190 feet of highway frontage at a signalized intersection; Updated in 2022 with tile flooring
