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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

321 E Canal Dr Gulf Shores, AL 36542

Built 1965
Property ID
Property summary
AI-generated overview

This property is located in the Gulf Shores Waterway Village District South. This overlay district has special zoning to encourage walkability and redevelopment. The city of Gulf Shores is investing $15 million plus in infrastructure which is currently in the design stage. The funding has been secured. It will include a new Pedestrian Bridge over the Intracoastal to connect the North and South sides of the Waterway Village District. This property and home are located within 200' of the Pedestrian Bridge location which will also be a city park. The road in front of the home will become a city street with adjacent parking for visitors to walk to the shopping and restaurants in the District. The current heavy traffic will be rerouted to make this area more walkable, safer, quieter, and attractive for redevelopment. The home is caddy corner to Big Beach Brewery. It is a cute home that has stood the test of time.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1965
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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