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.
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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 |
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 |
|
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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.
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