24281 Perdido Beach Blvd - Restaurant FOR SALE


Orange Beach, AL 36561
$5,250,000 USD
205-422-6165
24281 Perdido Beach Blvd, Orange Beach, AL for Sale
$5,250,000 USD
Restaurant - FOR SALE
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24281 Perdido Beach Blvd
Orange Beach, AL 36561


HIGHLIGHTS

  • Prime location
  • Been in business for 30 years
  • New hotel being built next door

OVERVIEW

Prime investment centrally located in beautiful Orange Beach. Live Bait has been a popular staple for the last 25 years. Restaurant is turnkey with absentee ownership. Both buildings are in excellent condition with all new HVAC, electrical, plumbing, roofing. Would consider triple net lease with experienced restaurant owner. For sale by owner and will give 3% commission to broker/agent.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Live Bait

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

5.38 AC

LAND SF

234,321 SF

ZONING

None

APN/PARCEL ID

65-04-18-0-000-004.000

ASK ABOUT THIS PROPERTY

Richie MontelaroLive BaitMore Info
205-422-6165

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Richie MontelaroLive BaitMore Info
205-422-6165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.