NEW RETAIL - DOWNTOWN FAIRHOPE

Retail-Commercial for Lease
Catylist Listing ID: 30830907
Property Subtypes: Mixed Use, Street Retail, Other
Building Status: Proposed
Contiguous Space: 1,940 SF
Building Size (RSF): 1,940 SF
Lease Rate: $40 PSF (Annual)
Base Monthly Rent: $6,466
Lease Types: NNN
Ceiling: 11.5 ft.
Building Name: 412 Fairhope Avenue
Usable Size (USF): 1,940 SF
Last Updated: 6/2/2023

Overview / Comments

Great opportunity to secure retail space in the heart of Downtown Fairhope. Located at 412 Fairhope Avenue, the new building will consist of ground floor retail, with two residential units on the upper two floors. Construction is scheduled to start in February/March, with completion anticipated early 2024. The available space will consist of approximately 1,940 square feet, with 23' of frontage on Fairhope Avenue. Ceiling height is approximately 11'-6". The space will have a spacious showroom, and separate area for storage/office. One (1) ADA restroom will exist. Contact Stirling for additional information.

Expand All Available Space

Suite: 1 1,940 SF $40 PSF (Annual) NNN
Space Available: 1,940 SF
Lease Rate: $40 PSF (Annual)
$6,466 (Monthly)
Lease Type: NNN
Space Subcategory: Fashion/Specialty
Date Available: 10/1/2023
Lease Term: 60 Months
Space Type: New
Rent Escalators Description 3% annual increases. NNN expenses TBD

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Fairhope Single Tax
Tax ID/APN: 05-46-03-37-0-801-001.505
Zoning: B-2
Retail Clientele: General, Family, Tourist
Property Visibility: Excellent
Largest Nearby Street: Fairhope Avenue
Feet of Frontage: 23
Area Description: High-end retail, boutiques, restaurants, coffee shops are prevalent in the quaint town that attracts a high-level of tourists
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 2023
Roof Type: Flat
Construction/Siding: Block
Parking Description: Street parking only
Sprinklers: Wet
Air Conditioning: Engineered System
Interior Description: Vanilla Box condition, included walls prepped for paint, ADA restroom, building standard lighting and electrical, sprinkler, storage room, concrete slab for flooring by tenant, and storefront glass and entrance
Zoning Description: B-2 / City of Fairhope (general commercial / retail use)
Lot Frontage: 23
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,575 13,274 31,182
Median Age: 51.69 46.47 43.16
Households: 2,707 5,981 12,679

Contact

Photograph of Listing Agent

Jeff Barnes

Stirling Properties Mobile Mobile, AL
Gulf Coast CMLS Member
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