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0.60 Acres Canal Rd
Orange Beach, AL 36561
Asking Price
$650K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 0.6 acres <ul><li>Frontage: 100+ feet along Canal Road + the adjacent parcel can be combined for over 300 feet of frontage on Canal Road.</li><li>Total Size: Approx. 0.6 acres + the adjacent 1.2 acres can be purchased along with this piece</li><li>Location: Between the new ALDOT bridge landing and The Wharf</li><li>Topography: Craig Martin has walked the property and confirmed it appears dry</li><li>Zoning: Vacant Commercial</li></ul>
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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856
