Highway Frontage Storefront
For Sale
$1,500,000
616 Gulf Shores Parkway, Gulf Shores, AL 36542
SINGLE_FAMILY - Gulf Shores, AL
Property Size4,880 SF
Lot Size0.30 Acres
Price / SF$307.38
Days on Market423
Property Features for 616 Gulf Shores Parkway
General Information
Property type
Residential
Property subtype
Retail
Zoning
OtherSeeRemarks,WithinCor
Lot features
Irregular/ See Remarks
Directions
Highway 59, South of Windmill Ridge Road located on the east side of Highway 59.
Subdivision
Baldwin
Standard status
Active
APN
66-04-20-1-000-004.000
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
98(S) X 166.43 IRR FM INTER OF E R W OF HWY 59 & N ROW E P ARK LANE, RUN NE ALG HWY 59 146.7 TO POB CONT TH NE 98(S), TH ELY 120(S), TH SLY 93.19, TH WLY 166.43 TO POB SEC 20-T9S-R4E (VL)
Tax Annual Amount
6424
Legal Description
98(S) X 166.43 IRR FM INTER OF E R W OF HWY 59 & N ROW E P ARK LANE, RUN NE ALG HWY 59 146.7 TO POB CONT TH NE 98(S), TH ELY 120(S), TH SLY 93.19, TH WLY 166.43 TO POB SEC 20-T9S-R4E (VL)
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1972
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
RE/MAX Paradise
(251) 948-8000
Listed By:
Bob Shallow · License #13654-1
(251) 948-8888
Added: Jun 9, 2025
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 380778
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 at 616 Gulf Shores Parkway contains approximately 4,880 square feet on a 0.3-acre parcel. The building dates to 1972 and includes concrete flooring, electric heating, and a metal roof. Approximately 98 feet of frontage along Highway 59 provides direct exposure from the corridor.
The property is located in Gulf Shores, approximately half a mile north of the Gulf beaches. Its setting places the building within a coastal destination serving both local and visitor activity. The site is identified for retail, hospitality, entertainment, or mixed-use concepts in the property information, subject to buyer verification and due diligence.
The property is located in Gulf Shores, approximately half a mile north of the Gulf beaches. Its setting places the building within a coastal destination serving both local and visitor activity. The site is identified for retail, hospitality, entertainment, or mixed-use concepts in the property information, subject to buyer verification and due diligence.
Key Highlights
- Approximately 4,880+/- square feet of storefront space
- Approximately 98' of frontage on Highway 59
- 0.3‑acre parcel in Gulf Shores
Financial Insights For 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 | $82.0k | $16.80 |
| − Vacancy | −$7.0k | −$1.43 |
| EGI | $75.0k | $15.37 |
| − OpEx | −$22.5k | −$4.61 |
| NOI | $52.5k | $10.76 |
4,880 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$750.2K
$656.4K – $875.2K
NOI $52,511 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,148 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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 - Storefront property with highway frontage, concrete flooring, and access to Gulf Shores’ coastal commercial corridor.
Where is this storefront property located?
The property is located at 616 Gulf Shores Parkway Gulf Shores, AL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 4,880+/- square feet of storefront space; Approximately 98' of frontage on Highway 59; 0.3‑acre parcel in Gulf Shores
