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Restaurants building sells

Restaurants building sells Investors paid $1.75 million for the building leased to Arby’s and Guthrie’s restaurants at 51 N. Greeno Road in Fairhope, according to Andrew Chason of Marcus & Millichap, who represented the buyer. Erik Vogelzang of SRS Real Estate Partners worked for the seller. The building is more than 4,000 square feet on almost an acre. Local developers paid $825,000 for the former Landmark East condominium site at 588 E. Beach Blvd. in Gulf Shores, according to David and Angie Swiger of Swiger & Company Realtors, who coordinated the transaction for the buyers and sellers. The property is adjacent to Grand Beach Resort condos and a short distance from Gulf State Park Pier. The land measures 102 feet by 240 feet and is zoned business tourism.

Bank building sells

Bank building sells A local investor paid $900,000 for the former PNC Bank branch building at 25405 Perdido Beach Blvd., in Orange Beach, according to Vallas Realty, which represented the buyer. The buyer plans to convert the building into a retail specialty shop. Cory Bronenkamp of Elcan & Associates and Franklin Street Real Estate worked for the seller. A local investor paid $355,000 for a 3,800-square-foot office building at 109 E. 14th Avenue in Gulf Shores, according to David and Angie Swiger of Swiger & Company Realtors. The Class A office space is available for lease with a total of 8 offices that can be leased together or separately, according to the Swigers, who handled the transaction.

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