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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23479 Perdido Beach Blvd Orange Beach, AL 36561

Built 1984
Property ID
No photo on file
Map unavailable
Property summary
AI-generated overview

This exceptional 3,625 square foot restaurant and bar opportunity is located in Orange Beach, Alabama, at 23479 Perdido Beach Blvd, zip code 36561. Boasting 138 seats and ample parking, this well-established business enjoys a prime location with 155 feet of frontage. The sale includes the building itself, plus an additional adjacent lot to the west, totaling 0.7 acres. The current lease is below market value and expires December 31st, 2025, presenting a unique opportunity for significant return on investment. The existing business, known for its strong income and loyal clientele, is available for purchase separately from the real estate, offering flexibility to prospective buyers. This turnkey operation is ready for immediate success, combining a desirable location with a proven track record. The property presents a rare chance to acquire a thriving coastal business and its accompanying real estate in a high-demand tourist destination. Don't miss this chance to own a piece of Orange Beach's vibrant culinary scene.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1984
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
Current use
Occupant on record · Public records
  • The Flying Harpoon 2 Bar & Pub Restaurant
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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