Rare investment opportunity in the heart of Gulf Shores! Located at 115 E 21st Avenue, this property offers tremendous potential for investors, builders, and buyers looking for a renovation project in one of the fastest-growing areas along Alabama's Gulf Coast.The existing home is a true fixer-upper and is being offered as-is, presenting an excellent opportunity for a complete renovation, rental investment, or redevelopment project. What truly sets this property apart is its highly desirable R-4 zoning, a high-density residential classification intended for multi-family development. Gulf Shores' R-4 district is designed to accommodate higher-density residential uses, creating exceptional redevelopment potential for investors seeking to maximize the property's value. Buyer to verify all permitted uses, density requirements, and development regulations with the City of Gulf Shores. Positioned just minutes from Gulf Shores' beautiful white-sand beaches, public beach access, restaurants, shopping, entertainment, schools, and the rapidly growing Waterway Village district, this location continues to benefit from strong demand for both long-term and short-term housing opportunities. The property's central location provides convenient access to Highway 59, Gulf State Park, local marinas, and all that Gulf Shores has to offer.Whether you're looking to restore the existing structure, add to your investment portfolio, or explore redevelopment possibilities, opportunities like this are becoming increasingly difficult to find in Gulf Shores. Bring your vision and unlock the full potential of this prime in-town property.Property sold as-is. Buyer to verify all information, zoning, dimensions, and development possibilities during due diligence. Buyer to verify all information during due diligence.
Listed By
Agency Name: Real Broker, LLC
Agency Phone: 855-450-0442
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 832.39 per month $620.93 Principal & Interest $130.08 Property Tax $81.38 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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115 E 21st Avenue | MLS# 398441
This single family home located at 115 E 21st Avenue, Gulf Shores, AL 36542 is currently listed for sale with an asking price of $279,000. This property was built in 1950 and has 3 bedrooms and 2 full baths with 1076 sq. ft. E 21st Avenue is located in the Gulf Pines subdivision. Search Gulf Pines real estate on www.clhomes.com today.