Located in the heart of Gulf Shores, AL, this lot offers exceptional investment potential in one of the area's most desirable short-term rental markets. Zoned BT-2, which allows short-term rentals, this property is ideal for developing a two- three or five-story income-producing rental. Its proximity to top attractions like The Hangout, Sea-N-Suds, The Pink Pony Pub, and Waterville USA enhances its strong rental appeal and occupancy potential.The lot includes deeded beach access just one block south, along with additional nearby public access points?an attractive feature for vacation renters seeking convenience and walkability. With the ability to add a pool and maximize outdoor living space, this property presents an excellent opportunity to increase nightly rates and overall return.Positioned in a high-demand rental corridor, this is a prime opportunity to build, capitalize, and generate consistent income. Reach out today to discuss development potential and projected returns. Buyer to verify all information during due diligence.
Listed By
Agency Name: RE/MAX of Gulf Shores
Agency Phone: 251-948-2400
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 1,132.75 per month $1,001.50 Principal & Interest $0.00 Property Tax (data not provided by mls) $131.25 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.
440 E 1st Avenue | MLS# 395642
This land located at 440 E 1st Avenue, Gulf Shores, AL 36542 is currently listed for sale with an asking price of $450,000. The property has approximately 0.14 Acres. Search Gulf Shores real estate on www.clhomes.com today.