400' of prime frontage on Perdido Beach Blvd. The property consists of (4) vacant land lots fronting Perdido Beach Blvd, (4) lots consisting of (3) free standing retail centers. This property would be an excellent opportunity for a mixed-use development or high end vacation rental properties. Commercial/Retail - If the existing structures are torn down, a commercial building as large as 5000 sf could be built, anything larger and there would not be adequate parking spots and would need to have PUD approval to do anything larger than 5000 sf. Existing structures have been there since pre 1950s and some believe to be some of the oldest structures still remaining on Perdido Beach Blvd. These buildings could be completely restored and to create a must stop shopping experience for locals and tourist.Vacation Rental Redevelopment - There are (8) originally platted lots on the property with each lot measuring 50' x 100'. Single Family or a duplex could be built on each lot BY RIGHT. No need for PUD approval to build (8) single family homes or duplexes. Buyer to verify all information during due diligence.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Baldwin REALTORS® Association. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
