List Search

27267 Perdido Beach Blvd
Orange Beach, AL 36561

$1,829,000 USD

General Retail Condo For Sale  •  5,900 SF

Property Details

  • Property Type General Retail
  • Total Building Size 99,550 SF
  • Lot Size 3 AC
  • Building Class B
  • Year Built 1998
  • Cap Rate 5.37 %
  • Tenancy Multiple
  • Zoning Entertainment District
20 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit Multiple Office/Retail 5,900 SF $1,829,000 USD
  • Unit Size: 5,900 SF
  • Condo Use: Office/Retail
  • Price: $1,829,000 USD
  • Sale Type: Investment
  • Price/SF: $310.00 USD
Description
SanRoc Cay Marina is a mixed-use destination along Perdido Beach Boulevard, combining ground-level shops and restaurants with office and residential condominiums above. The development draws steady foot traffic from popular establishments such as Louisiana Lagniappe, Pelican Grill, Pizza at the Pass, Serenity at the Beach Salon & Spa, and the Tipsy Pelican outdoor bar. The property benefits from ample surface and underground parking, as well as direct access to the marina, which supports charter fishing boats, dolphin cruises, and the Reel Surprise Dock Store—offering fuel, bait, ice, and boating necessities.
The marina and retail center creates a vibrant coastal district blending shopping, dining, entertainment, and waterfront recreation. Boutiques add variety with resort wear, swimwear, jewelry, and specialty fashion. The courtyard at the heart of the property serves as a central gathering space, highlighted by live music events, the Tipsy Pelican bar, and the Silver Sailfish statue—a well-known local landmark and photo spot.
Located in Baldwin County on Alabama’s Gulf Coast, Orange Beach is a thriving resort city with about 8,095 residents (2020 census). Its population swells to over 100,000 during peak tourist season, driven by its 32 miles of sugar-white sand beaches, Gulf State Park’s 6,000 acres of trails and fishing pier, and attractions like The Wharf entertainment district. Known for both tourism and retirement appeal, Orange Beach offers a moderate cost of living, favorable tax benefits, and a high percentage of retirees (28.5% of residents are 65+).

Sale Notes
This investment presents a rare opportunity to acquire a fully leased retail condominium package within SanRoc Cay Marina, a designated Waterfront Entertainment District in Orange Beach, Alabama. The offering includes two units of five suites totaling approximately 5,900 square feet, creating a diversified multi-tenant retail asset within a vibrant, high-traffic marina and entertainment destination. Buyers also have the option to purchase Unit 1 or Unit 2 separately.

Description

This investment presents a rare opportunity to acquire a fully leased retail condominium package within SanRoc Cay Marina, a designated Waterfront Entertainment District in Orange Beach, Alabama. The offering includes 2 parcels: (1) Parcel 1 and 2: two units totaling five suites approximately 5,900 square feet, creating a diversified multi-tenant retail asset within a vibrant, high-traffic marina and entertainment destination. Buyers also have the option to purchase Unit 1 or Unit 2 separately.

Highlights

Fully leased investment within SanRoc Cay Marina, a premier Waterfront Entertainment District in Orange Beach, Alabama.
Two-Parcel offering featuring diversified income from multiple suites and tenants, catering to marina visitors and strong local demand.

Property Flyers

Cap Rate: 5.37 %

Major Tenants

Tenant SF Occupied Lease End Date
Blue Lagoon, Treasure Chest, Jane’s, Wonder, Daxx

Public Transportation

AirportDriveWalkDistance
Pensacola International 53 min - 29.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Mitch Holliman 251-979-8155 Dolphin Cove Realty
Mitch Holliman 251-979-8155 Dolphin Cove Realty