The Mill

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30827511
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 6,550 SF
Gross Building Area: See Agent
Sale Price: $2,225,000
Unit Price: $339.69 PSF
Property Use Type: Business
Building Name: The Mill
Sale Terms: Undisclosed
Cap Rate: 8.9%
Last Updated: 3/8/2023

Overview / Comments

Welcome to THE MILL, Fairhope, AL’s only Food Hall, Sports Bar and Event Venue space.

This property features a total of 13,000sq ft, with almost 9000 sq ft of seating space; 4500sq ft of light-filled interior space and 4300 sq ft of outdoor courtyard space. With Seating for up to 500 people total this is one of the largest eating spaces in Downtown Fairhope.

There are 3 operational kitchens all leased separately. Current tenants include MaryAnn’s Deli & Catering and Fairhope Burger which are open during lunch hours and draw daily crowds.. There are multiple streams of income potential outside of those hours. There is a full service bar that offers 15 beer taps and 7 wine taps as well as 5 flat screens throughout the space perfect for game days. Building ONLY for sale. Businesses are not for sale.

Fairhope, the live-oak lined Mayberry, has a population of just over 23,000 people, but with 8M people visiting Baldwin county each year to visit our quaint towns and beautiful beaches, Fairhope draws its crowd with special events like Mardi Gras in February, The Arts and Crafts Festival in March and the Lighting of the Trees in November and other events like the popular Grandman Triathlon and a Fairhope favorite the Witches Ride. All of these events take place in the downtown area where the Mill is located. As Fairhope keeps making the pages of Magazines like Southern Living and Travel and Leisure there are sure to be more people that come to see what it’s all about. Come see why Southern Living Magazine says you can’t help but fall in love with Fairhope, and find out if you want to be a central part of what makes Fairhope so special by owning this amazing venue.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: City of Fairhope
Tax ID/APN: 05-46-03-37-0-701-002.503
Zoning: B-2
Retail Clientele: General, Family, Business, Tourist
Largest Nearby Street: Fairhope Avenue
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,127 13,274 33,879
Median Age: 51.27 46.47 43.75
Households: 2,039 5,981 13,732


Photograph of Listing Agent

Kendall Wahlert

Waters Edge Realty Gulf Coast CMLS Member
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