$2,500,000

This parcel is being sold together with the adjacent parcels Tax ID 43872 & 73737 for a total of 200 front feet on West 1st Ave and 2 accesses to West 2nd Ave for $2.5m for all 3 parcels. The 3 parcels could be combined for development as a PUD, beach business or Multi Family with commercial/retail space with City approval. Prime location for a restaurant or combination condo/commercial. Zoning allows for approximately 14 units. City of Gulf Shores is offering tax credits for development. The property is located across the street from the new Embassy Suites which opened in August and would be a prime parcel for development. It is one block from the Gulf Shores Public Beach and The Hangout. Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.