321 E Canal Dr Gulf Shores, AL 36542
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.