PORTICO - Building A

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30294388
Property Subtypes: Mixed Use, Street Retail, Other
Contiguous Space: 181 - 3,826 SF
Total Available: 3,924 SF
Gross Building Area: 12,000 SF
Gross Land Area: 3.50 Acres
Lease Rate: $12,000 - 40,200 (Annual)
$25 - 66.30 PSF (Annual)
Base Monthly Rent: $1,000 - 3,350
Lease Types: Full Service, Gross Lease, NNN
Building Name: PORTICO - Building A
Usable Size (USF): 12,000 SF
Last Updated: 8/10/2020

Overview / Comments

PORTICO is an exciting, new mixed-use development, prominently positioned on over 500’ of frontage along Fairhope Avenue - the gateway to downtown Fairhope, Alabama. Within walking distance of great restaurants, boutiques, parks and services, PORTICO will be developed in phases to include prime commercial space and residential offerings. The architectural design and features of PORTICO will set a new standard of quality for the evolving market, appealing to discriminating business owners and residents alike. On-site surface parking is abundant, an uncommon amenity for Downtown Fairhope.

The initial phase, Building A, consists of approximately 12,000 square feet of commercial space on 2 floors fronting Fairhope Avenue. Current availability includes 2nd Floor office space, ranging from an executive office suite to 3,743 RSF. Additional executive suites are planned for Fall 2020 delivery. Contact Jeff Barnes, Stirling Properties, at 251-975-8222, for more information about commercial leasing.

COMMERCIAL SPACE AVAILABLE-PHASE I / BUILDING A

Unit A-203/204: 3,826 RSF / 2nd floor office space
Base Rental Rate: $25.00 PSF
Annual Increases: 3%
CAM, Taxes & Insurance: $4.00 PSF (estimated)

Expand All 3 Spaces Available

Suite: A-202B 181 SF $1,000 (Monthly) Full Service,Gross Lease
Suite: A-203 1,608 SF $25 PSF (Annual) NNN
Suite: A-204 2,135 SF $25 PSF (Annual) NNN

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County, AL / Fairhope
Tax ID/APN: 05-46-03-37-0-007-076.517
Zoning: MIXED-USE
Retail Clientele: General, Business, Tourist
Property Located Between: Fairhope Post Office
Property Visibility: Excellent
Largest Nearby Street: Fairhope Avenue
Highway Access: PORTICO is located approximately 7/10 mile from U.S. Highway 98
Airports: Fairhope Municipal Airport is located 5 miles from the site
Site Description: 3.5 acres, fronting Fairhope Ave
Area Description: Fairhope, AL is a trendy coastal town, positioned on the eastern shore of Mobile Bay. The bustling downtown area is home to numerous restaurants, boutiques, parks, schools, and services - all supported by both tourists and permanent residents.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 5,924 SF
Year Built: 2018
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: 2 story buildings, incorporating painted brick exterior and prominent finishes enhancing store front facades for commercial tenants.
Total Parking Spaces: 179
Parking Type: Surface
Parking Description: Parking will be located along Fairhope Avenue, as well as surface lots within the development. Parking to be shared with residential condos.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Commercial spaces to be delivered in a shell condition.
Zoning Description: Mixed-use
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,127 13,274 31,182
Median Age: 51.27 46.47 43.16
Households: 2,039 5,981 12,679

Contact

Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL
Gulf Coast CMLS Member
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