Three Baldwin County commercial properties — two of them neighboring Gulf Shores developments anchored by well-known eateries and a longtime Bay Minette restaurant — are on the market.
Gulf Shores: a $4.5 million mixed-use center
The larger of the two adjacent Gulf Shores listings spans more than 11,000 square feet across three established businesses: a Sherwin-Williams store, Matt’s Ice Cream and Taco Fiesta. The mixed-use property is listed at $4.5 million with an 8.0% cap rate and sits on 0.80 acres that include an extra lot permitting construction of a fourth building.
The Sherwin-Williams store, built in 2023, covers about 4,399 square feet under a triple net lease. Taco Fiesta, fully renovated in 2022, occupies roughly 2,079 square feet. Matt’s Ice Cream operates out of a 2,440-square-foot space with a notable bonus: a contemporary four-bedroom, two-bathroom loft condo completed above the shop in 2022, featuring an open-concept kitchen, 17-foot ceilings and oversized windows. The ice cream parlor leases on a modified gross basis.
Hammered Crab building next door at $2.2 million
Directly next door, the building housing the recently opened Hammered Crab Restaurant is listed at $2.2 million, also carrying an 8.0% cap rate. The 3,757-square-foot restaurant fronts a busy highway with high visibility and offers buyers a turnkey operation under a five-year modified gross lease. Its modern interior was recently built and its patio update was finished in May 2024.
Bay Minette staple Streets on the block after 36 years
In North Baldwin, Streets — a fixture of the Bay Minette dining scene for 36 years — has been listed at $1.2 million, with all furnishings and kitchen equipment included in the sale. The restaurant at 537 U.S. Highway 31 sits on 0.8 acres in a high-traffic corridor near Chuck Stevens Dodge and about two miles from Coastal Alabama Community College, and is known for its buffets, steaks, seafood and homemade desserts. The listing makes it a turnkey option for investors or restaurateurs.