SM For Sale 72.83± Acre Mixed-Use Development Site Medium Density Residential Gulf Shores Baldwin County, Alabama Gulf of Mexico Mobile Bay Gulf Shores, AL Hwy 59 Jack Edwards Airport Gulf State Park & Gulf State Golf Course Canal Road Geno Road Gulf State Park 2,975' of Frontage Brannen Goddard Commercial Real Estate Services, Worldwide. FORTES FORTUNA JUVAT Performance...Not Promises HEATH MILLIGAN 404 812 4037 hmilligan@naibg.com Chris Stovall 251 978 9113 cstovall@bellatoral.com Nathan Cox 251 421 0875 ncox@battleplancapital.com All measurements are approximate. Owner does not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials.
Location Area Maps & Information Property Features City Of Gulf Shores, Baldwin County, Alabama 72.83± Acres Approximately 2,975 Feet of Frontage Along the Intracoastal Waterway Ideally situated between Highway 59 and the Foley-Beach Expressway Located in Close Proximity to Lulu s, Tacky Jacks and The Wharf Site Accessible from the North via County Road 4 Zoned ICW-N (Mixed-Use) Permits in hand to build a marina with 88 wet slips and 112 dry slips Directly adjacent to the Jack Edwards Airport (6,962 foot runway) Ideal for medium density residential development or large estate lots Asking Price: $3,640,000 ($50,000/acre) DEMOGRAPHICS One Three Five BY DRIVE TIMES Hour Hours Hours 2012 Population 508,642 2,990,626 11,217,558 Ave HH Income $56,179 $56,009 $56,239 Total Households 200,388 1,155,954 4,296,510 3 2 11 1 12 13 4 5 6 7 10 9 8 14 Announced 1. Blue Collar Comedy Theme Park 2. Bon Secour- DR Horton 655 Homes 4. Acme Oyster House 6. Gulf State Park Convention Center Under Construction 7. Cottages of Romar Beach 9. Wharf-Toby Keith s I Love This Bar 9. Wharf $4MM Light Show Exhibit 10. Foley Beach Expressway to I-10 New/Existing 3. Bon Secour Village Marina 3. Gulf Shores Entertainment District 5. Tacky Jack s 8. Brand New Hampton Inn and Suites 9. Wharf Marina/Amphitheatre/ Retail 11. Hangout Restaurant/Festival 12. Colonial Mall 13. Craft Farms Community/Golf 14. FloraBama Key Nearby Cities City Distance Drive NAME (in miles) Times Pensacola, FL 27 42 mins Mobile, AL 55 1 hr 15 mins Montgomery, AL 188 3 hrs 25 mins New Orleans, LA 196 3 hrs 25 mins Jackson, MS 247 4 hrs 45 mins Birmingham, AL 277 4 hrs 50 mins Atlanta, GA 348 6 hrs Chattanooga, TN 419 7 hrs Nashville, TN 467 7 hrs 45 mins Knoxville, TN 528 8 hrs 50 mins
Surrounding AreA Colonial Mall Craft Farms Foley B e Bon Secour Master Planned Community Hwy 59 County Road 4 (CR4) a c h Expwy (Currently Under Development) Jack Edwards Airport The Wharf Waterway West Blvd Faulkner State College Lulu s ACME Oyster Waterway East Blvd Tacky Jacks Gulf State Park Restaurant owned by Jimmy Buffet s sister, Lucy Buffet 450-seat restaurant Reportedly the highest grossing restaurant in Alabama Located on the adjacent to Hwy 59 in Gulf Shores Claims to serve more than 100,000 cheeseburgers, 64,000 margaritas and 1,000 pounds of gumbo to more than 750,000 customers annually Arnold Palmer designed golf course, Cotton Creek, and single family residences Since then, 12 single family phases and a second Arnold Palmer designed golf course, Cypress Bend Colonial Properties developed Colonial Pinnacle at Craft Farms, as a 417,700 square foot retail center anchored by Publix, Target, Cobb Theaters, Bed, Bath & Beyond, and Books-A-Million which opened in 2007 Located in the adjoining city of Orange Beach, Alabama Corner of the Foley Beach Express Way and Canal Road 190 unit condominium built alongside the 208 slips marina for public and private use 10,000-seat, tiered amphitheater which attracts several popular musical acts per year, including Kenny Chesney, Eric Church, Jason Aldean and The Black Crows Retail anchor is RAVE Movie Theater, and the main street is lined with specialty shops New $4.5M Light Show New Toby Keith "I Love This Bar" Bon Secour Marina (waterfront) Partially completed 60-Slip marina with 20± acres of commercial and high density residential land surrounding. Currently in the planning stages to finish the development Bon Secour West (waterfront) Mixture of completed homes, developed single family lots, larger estate lots, undeveloped lots and a city park Ongoing development and sales Bon Secour North (north of CR4) 250± acres of Raw land currently in the planning stages to be developed into 655 single family residential units for a Top 10 National Homebuilder Sales and development will commence in 2013
Property Aerial Gulf State Park & Golf Course Canal Road Claude Peteet Mariculture Center
Market Information Baldwin County Tourism s Annual Economic Impact 4.9 Million Guests $2.6 Billion in Visitor Spending 40,000 Travel Related Jobs $906 Milion in Wages & Salary Real Estate Update (March 2013) Lodging Rentals & Market Share 2011 Category Mar-13 Year over Year Change Total Residential Sales 385 21.50% Median Sales Price $176,000 6.00% Average Sales Price $232,764 6.1% Inventory to Sales Ratio 7.5-21.8% 872 Residential Permits in 2012 (Jun-Oct) is the most since 2007 Baldwin County has the Highest Market Share (20.82%) among the 8 Alabama and Florida Panhandle Counties Source: Alabama Gulf Coast Convention and Visitors Bureau Source: Alabama Center for Real Estate
Property Photos View of the from the Property View of Gulf Shores, Orange Beach and the Gulf of Mexico View of the Property from Canal Road
SM Survey 72.83± Acres For additional info, visit ICWland.com FORTES FORTUNA JUVAT Brannen Goddard Commercial Real Estate Services, Worldwide. Performance...Not Promises HEATH MILLIGAN 404 812 4037 hmilligan@naibg.com Chris Stovall 251 978 9113 cstovall@bellatoral.com Nathan Cox 251 421 0875 ncox@battleplancapital.com All measurements are approximate. Owner does not warrant or guaranty the accuracy or completeness of any information and shall have no liability for errors or omissions or inaccuracies under any circumstances in this or any other property listings or advertising, promotional or publicity statements and materials.