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    301 E canal drive Gulf Shores, AL 36542

    • Mixed-use properties
    For Sale
    View listing
    $3,500,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • The Waterway Vacation Rental / Vacation Home Rental Agency

    Property Details for 301 E canal drive

    Year built
    1965
    Property type
    Mixed-use properties
    Property subtype
    Retail properties

    Description

    THE JEWEL OF THE WATERWAY DISTRICT IN GULF SHORES IS FOR SALE! OWN A PIECE OF GULF SHORES HISTORY! One of a kind, fully approved mixed use development features Baldwin County's only Mobile Food Truck Court/Vendor Court PLUS 5 retail spaces, PLUS a 3,614 sqft 6 bedroom/3 bath short term rental in the main building and a separate 972 sqft 2 bedroom/1 bath fully furnished and operating short term rental cottage on the same property. 3/4 of an acre plus waterfront lots on the intracoastal. Site plan is fully approved by the city of Gulf Shores. All permitted drawings are in hand and shovel ready. Use the plan in place or start over with your own. Owner financing options are also available.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gulf Shores
    County
    State
    Alabama
    Longitude
    -87.6749
    Latitude
    30.2792

    Comparable in this City

    • Value Estimation by Request

      904 SF Retail For Sale 321 E Canal Dr

      904 SF Retail For Sale 321 E Canal Dr
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      19558 Co Rd

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      4216 Augusta Dr

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      19548 Co Rd

      Multifamily properties • 2,608 SF
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      1,138 SF Gulf Shores Waterway Village District South

      1,138 SF Freestanding Building For Sale, Gulf Shores Waterway Village District South
      325 E Canal Dr, Gulf Shores, AL 36542
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      5,730 SF Mudbugs Bar and Patches Tattoo Emporium FOR SALE!

      5,730 SF Mudbugs Bar and Patches Tattoo Emporium FOR SALE!
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    Similar Nearby for Sale

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    301 E canal drive
    Gulf Shores, AL 36542
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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
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