Industrial Investment Property In The Heart of Fairhope

Industrial for Sale
Catylist Listing ID: 30853280
Property Subtypes: Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution
Building Size (RSF): 13,877 SF
Gross Land Area: 28,180 SF
Sale Price: $1,875,000
Unit Price: $135.12 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: BES
Sale Terms: Sale/Leaseback
Last Updated: 2/23/2024

Overview / Comments

Great investment opportunity in the heart of Fairhope. Two buildings on property.
Back building has a total of 6286 sq ft; 4300 SF of open warehouse, 1,100 SF of office (5 offices, 3 bathrooms, and a conference room), and 886 SF of mezzanine storage space. Existing tenant in place that just finished a 3 year initial term and just exercised the 1st of two, two year options. The front building (totaling 7591 SF) consists of 2409 SF of warehouse in the center with 2 roll up doors, and 2591 SF of office space on each end of the building (2 floors). There are 4 short term, furnished rentals spaces (each with a full bathroom) on site. There are multiple other tenants on site occupying individual office suites. Current owner will entertain a lease back. Property is zoned M1. Owner collects all rents and manages tenant activity on their own.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Fairhope
Tax ID/APN: 05-46-04-20-1-000-042.005
Zoning: M1

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,712 15,768 32,263
Median Age: 43.94 46.16 43.2
Households: 2,486 6,971 13,110

Contact

© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions.