0 2Nd St Gulf Shores, AL 36542
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.