Real Estate Roundup

photo courtesy of https://www.apartments.com/mirabelle-apartments-mobile-al/vstk22g/
photo courtesy of https://www.apartments.com/mirabelle-apartments-mobile-al/vstk22g/

According toAL.com, a Birmingham investment group paid $15 million for the newly opened Mirabella Apartment complex at 1910 East 1st Street in Gulf Shores, according to Frank Malone and Troy Wilson of Bellator Real Estate & Development, who represented the buyers. The 96-unit gated complex is one-third rented after opening three weeks ago, according to Stacey Ryals of Ryals Realty, who represented the sellers. The owners of Wolf Bay Lodge restaurant in Foley paid $3.9 million for the former Fin & Fork restaurant building at 24131 Perdido Beach Boulevard, in Orange Beach, according to Frank Malone of Bellator. The new restaurant was sold by local businessman Ken Wall. The new Wolf Bay Lodge location next to Romar Lakes condominiums is scheduled to open before summer, while the Wolf Bay Lodge on Miflin Road in Foley will continue to operate at that location, Malone added.

In Daphne, a local investor paid $625,000 for approximately 5 acres on County Road 64 just east of Highway 181. Their plans are to develop it for commercial use in the future, according to Renee Beasley of Herrington Realty, who handled the transaction. In Fairhope, local investors paid $226,850 for 1.15 acres at the northeast corner of Greeno and Manley roads, according to Sharon Wright and Tracy Womack of White-Spunner Realty, who represented the seller. Garrett Cox of B4 Properties worked for the buyer, who has no immediate plans for the property. In Theodore, an out-of-town buyer paid $560,000 for the former Chevron station at 5575 U.S. 90 and plans to redevelop the site, according to Kenny Nichols of Vallas Realty, who represented the seller. Vicki Tyler of Paces Commercial Real Estate worked for the buyer. In Mobile, on Halls Mill Road at Lee’s Lane, investors paid $115,000 for 4.39 acres, according to Robert Cook of Vallas Realty, who handled the transaction.

Related Tags

Read More

Former Leopard Toney Picked In First Round

May 7, 2021
Read More

Daphne Hires Head Volleyball Coach

May 7, 2021
Read More

Robertsdale Hardware Hits 75-Year Milestone

May 7, 2021
Read More

Real Estate Roundup

May 7, 2021
Read More

USA Real Estate Center Expands, Gets New Name

May 7, 2021
Read More

Ownership Of Meyer Vacation Rentals Transferred

May 7, 2021
Read More

ABC Signs Named Business Of The Year

May 7, 2021
Read More

American Cancer Society Hosting Golf Tournament In Mobile

May 7, 2021
Read More

Austal Wins Excellence In Safety Award

May 7, 2021
Read More

Deuce Drone Allowed to Fly Over People

May 7, 2021
Read More

MBA Young Lawyer Social Coming Up

May 7, 2021
Read More

U.S. District Court Sets Up Attorney Lounge

May 7, 2021
Read More

Howard Joins USA Health

May 7, 2021
Read More

Ribbon Cut On Mobile’s Parkway Senior Center

May 7, 2021
Read More

Rapid Deployment Gets Big Federal Contract

May 7, 2021
Read More

Business Applications Soar In Mobile

May 7, 2021
Read More

Faith Academy Teacher Named Teacher Of The Year

May 7, 2021
Read More

ASMS Announces Virtual Summer Camps

May 7, 2021
Read More

Lessees, Details For New Space In Shoppes At Midtown

May 7, 2021
Read More

Southwest Mobile County Chamber Celebrates Students

May 7, 2021
Read More

Favorite Banker Nominations Open

May 7, 2021
Read More

USA Honors Turner In First “Poet Of The Week”

May 7, 2021
Read More

Mobile Symphony Youth Orchestra Mother’s Day Concert

May 7, 2021
Read More

Gulf Shores Mariculture Center Renovation Underway

May 7, 2021
Read More

Gray Television Set to Buy Fox 10

May 7, 2021
Read More

e-worc Promotes White to Coo

May 7, 2021
Read More

Smith Dukes Adds CPA

May 7, 2021
Read More

Mobile Parks & Rec Hosting Youth Sport Clinics

April 30, 2021
Read More

Ready to Subscribe?

Get weekly updates delivered right to your inbox.