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.