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    2Nd St Gulf Shores, AL 36542

    Sponsored
    For Sale
    $1,500,000

    3.44 Acres, Prime Location, High Value

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.44-acre commercial land parcel presents a unique investment opportunity in the thriving Gulf Shores, Alabama market. Located on E 2nd St, with a Baldwin County address and zip code 36542 (APN: 05-66-02-09-3-000-034.000), this property boasts a strategic location offering significant potential for development. The asking price is $1,500,000, translating to a compelling price per acre of $436,046. A key feature is the split zoning designation. The front portion of the land, measuring approximately 300 feet by 400 feet, is zoned for business uses (Bg), while the rear section, approximately 300 feet by 100 feet, is zoned for residential multi-family housing (Rmh). This dual zoning allows for diverse development options, potentially maximizing return on investment. The seller is open to considering subdividing the property, further enhancing its flexibility and appeal to potential buyers. This prime location in Gulf Shores offers easy access to local amenities, attractions, and major transportation routes, making it an ideal site for a variety of commercial ventures. The property's size and zoning make it suitable for a range of development projects, from mixed-use developments to separate commercial and residential constructions. Don't miss this chance to acquire a valuable piece of Gulf Shores real estate.

    Property Features for 0 2Nd St

    General Information

    Property type
    Land
    Lot Size
    149,846 SF

    HighLights

    • $1,500,000 asking price for 3.44 acres of commercial land.
    • Located in Gulf Shores, Alabama, with Baldwin County address on E 2nd St, zip code 36542.
    • Land value: $436,046 per acre.
    • Property features split zoning: 300' x 400' commercial and 300' x 100' residential. Seller may consider subdividing.
    • APN: 05‑66‑02‑09‑3‑000‑034.000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gulf Shores
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.6830891
    Latitude
    30.2708592

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    FAQs

    What type of property is this?
    Land - 3.44 Acres, Prime Location, High Value
    Where is this land located?
    The property is located at 2Nd St 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: $1,500,000 asking price for 3.44 acres of commercial land.; Located in Gulf Shores, Alabama, with Baldwin County address on E 2nd St, zip code 36542.; Land value: $436,046 per acre.
    Request Owner's contact information
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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
    2Nd St Gulf Shores, AL 36542
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