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Canal Rd
Orange Beach, AL 36561
Asking Price
$1.55M
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 1.09 acres <ul><li>174+ feet of frontage on canal road – a major commercial corridor</li><li>1.09 acres of dry land – ready for development</li><li>Strategically positioned between the wharf and highway 161</li><li>3.5 acres subdivided into three parcels (see attached)</li><li>Available individually or as a whole</li><li>A rare opportunity to secure a premium commercial footprint in a thriving market.</li><li>https://youtu.be/Qo6w4nk96Tw?si=u65PIQNyCzS2gV5J</li></ul>
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NOI
$80,000
Cap Rate
5.16%
DSCR
0.87
Underwater
Cash-on-Cash
-2.59%
Monthly Payment
$7,668.554
Annual Cash Flow
$-12,022.651
