Orange Beach, a Developer’s Dream Land
Posted on April 14, 2016
Those who live here all ready know that Orange Beach, Alabama is dynamic city oozing with potential. Combining the pleasures of a relaxed, coastal quality of life with limitless opportunities for economic growth, the city¬†itself is an Orange Beach real estate developer’s dream land (which would have to make Susan Carleton’s newest commercial listing heaven on earth).
The nearly 5 acre parcel of land is nestled in the heart of Orange Beach, Alabama, situated directly between the Island House Hotel and Tidewater Condominium.¬†The lot offers over 200 feet of Gulf frontage, making it the perfect place for the future site of a new hotel or condominium complex. Current zoning requirements will allow up to 42 units per acre, or 84 hotel rooms per acre, but to be verified by the City of Orange Beach planning and zoning.
The payback here could be exponential as the Orange Beach market continues to expand. The area’s tourism industry alone attracts over 5 million visitors per year, injecting over $3 billion of visitor spending into the local economy. As more and more people vacation in Orange Beach, Alabama, tax revenues increase, as does the need for improved infrastructure. Alabama’s fastest growing county realizes this, and intends to¬†keep up with the pace of growth it has set to remain top of mind for visitors.
New construction, Orange Beach real estate development and improved roads are just a few of the many things we can expect to see over the next few years. Lots like this, will become rarer, now is the time to buy!
Blog, News Commercial Real Estate, Gulf Front Land, Orange Beach, Real Estate Developers