318 State Highway 59 Summerdale, AL 36580
PRICED AT $1,100,000
Listing Details
- $1,100,000
- MLS# 385971
- Type Commercial - Business
- Status Active
- 448 Square Feet
- 2.099 acres Lot Size
- 1996 Year Built
Description
10% Cap Rate Investment ? 100% OccupancyLocated on Highway 59 in the heart of Summerdale, this 2.3-acre property is zoned B-2 (Commercial Business) and offers high visibility and strong traffic counts. The property includes eight cottages/tiny homes (ten rental units total) with approximately 5,900 square feet of rentable space. All units are furnished and leased on a weekly basis. Riviera provides electricity, Point Broadband provides internet, and the Town of Summerdale provides water and sewer.Although the property is currently 100% occupied, a 10% vacancy expense has been applied in the underwriting to reflect realistic long-term performance...read more
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 03/31/2026. The listing information on this page last changed on 03/31/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/31/2026 3:02:43 AM EST) or Pensacola MLS (last updated Tue 03/31/2026 12:13:09 AM EST) or Baldwin County MLS (last updated Tue 03/31/2026 2:31:11 AM EST) or Emerald Coast MLS (last updated Tue 03/31/2026 12:05:22 AM EST) or Navarre Area Board Of Realtors (last updated Mon 03/30/2026 11:48:04 PM EST) or Commercial Exchange (Levin Rinke) (last updated Mon 03/30/2026 7:19:02 PM EST). Real estate listings held by brokerage firms other than Levin Rinke Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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