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

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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


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