334 E 24th Avenue, Gulf Shores, AL 36542
AL · Baldwin County
Key Facts
Description
Rare Multi-Use Opportunity in the Heart of Gulf Shores – Waterway Village District OverlayExceptional investment property located in the highly desirable Waterway Village District, just steps from the vibrant heart of Gulf Shores! This unique offering includes five income-producing homes, all currently used as rental properties and eligible for short-term and vacation rental approval under existing overlay zoning.Positioned less than 1/4 mile from top local attractions, including live entertainment, restaurants, boutique ice cream shops, art galleries, and a popular brewery, this walkable neighborhood is undergoing exciting infrastructure improvements—including a new pedestrian bridge over the Intracoastal Waterway and pending approval for golf cart-friendly transportation.This property also offers significant redevelopment potential, with ample room to accommodate multi-use retail, restaurant, condo, or apartment buildings—all aligned with the City of Gulf Shores’ long-term master plan for the area. Whether you're looking to develop, expand a rental portfolio, or operate a live/work concept, this flexible-use property provides unmatched potential in one of Gulf Shores' most dynamic and fast-evolving communities. Buyer to verify all information during due diligence.
Property Information
Property Type
Commercial Sale
Year Built
1984
Living Area
4,679 sq ft
Lot Size
0.69 acres
Lot Dimensions
200 x 150
MLS® Listing#
380860
Property Features
- Appliances:
- Electric Water Heater
- Cooling:
- Central Air
- Parking:
- See Remarks
- Lot Features:
- Corner Lot, Few Trees, See Remarks
- Foundation:
- Pillar/Post/Pier, Slab
- Utilities:
- Cable Available, See Remarks
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- HOA:
- None
- Parcel #:
- 6602092000052.002
Directions
From intersection of Gulf Shores Parkway and East 20th Ave turn East on East 20th and go to Traffic Light. Turn North on East on East 2nd Street and go to East 24th Ave. Turn East and Property will be 250' on the North Side of East 24th.
Affordability Calculator
$420,000
Estimated monthly payment
$11,177/mo
Principal $1,680,000 · Est. interest $2,343,749 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Gulf Shores, AL
- $538,075
- Median Listing Price
- 113
- Median Days on Market
- 1,350
- Median Sq Ft
- $443
- Median Price / Sq Ft
- 918
- Active Listings
- This home’s price is 290% above the area median.
- Its price per sq ft is 1% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Gulf Shores, AL.
Location
- 334 E 24th Avenue, Gulf Shores, AL 36542
Nearby Schools
Gulf Shores City Schools
School · 0.6 mi away
Gulf Shores Elementary School
Elementary · 0.6 mi away
Gulf Shores High School
Secondary · 0.7 mi away
Gulf Shores Middle School
Secondary · 0.7 mi away
South Baldwin Christian Academy
School · 3.2 mi away
Swift Elementary School
Elementary · 3.8 mi away
Ob Conservatory of Fine Arts
School · 3.9 mi away
Orange Beach Middle & High School
Secondary · 3.9 mi away
Foley High School
Secondary · 7.2 mi away
Foley Intermediate School
School · 7.4 mi away
Mathis Elementary
Elementary · 7.4 mi away
Orange Beach Elementary School
Elementary · 7.6 mi away
Daphne High School
Secondary · 7.6 mi away
Foley Middle School
Secondary · 8.9 mi away
Foley Elementary School
Elementary · 9.1 mi away
St Benedict School
School · 10.4 mi away
Magnolia School
Elementary · 10.4 mi away
Good Shepherd Lutheran School
School · 10.8 mi away
Elberta Middle School
Secondary · 11.0 mi away
Elberta Elementary School
Elementary · 11.0 mi away
Commute Calculator
Nearby Homes
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Moving Cost Estimate
EXIT Agents in Gulf Shores
Listing Courtesy: RE/MAX of Gulf Shores - 2519482400
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.