Suite A2 Downtown Office Space For Sale in Mixed Use Building

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30663489
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Status: Pending
Building Size (RSF): 1,290 SF
Gross Building Area: See Agent
Gross Land Area: 1,290 SF
Sale Price: $456,500
Unit Price: $353.88 PSF
Property Use Type: Investment, Business
Building Name: Lofts on Bancroft
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/22/2021

Overview / Comments

Within the Central Business District is a Mixed Use building with professional space located on the main floor of the Lofts on Bancroft. This is a perfect location for any business that wants to be in downtown Fairhope. Suite A-2 is currently a medical office and is perfect for business, physical therapy or psychiatry offices or can be a great location for retail space. This suite is 1290 sq. ft., 2 offices, restroom, small storage area, street parking out front and the monthly HOA is $295.56. For investors the income from Suite A-2 is $2,500/Month or $30,000 per year. There are 2 Suites available for sale in the building, Suite A1 is 1550 sq. ft. with monthly HOA dues of $355.12 and listed under GCMLS# 30661878, PPIN #347540 and can be purchased together. Current rental income for both suites is $62,400/year.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-37-0-007-070.501
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Equality Street and Pine Street
Property Visibility: Excellent
Largest Nearby Street: Fairhope Avenue
Highway Access: Highway 181 & I-10
Airports: Fairhope, Mobile and Pensacola
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,290 SF
Property Condition: Excellent
Year Built: 2009
Roof Type: Other
Construction/Siding: Brick, HardiePlank Siding
Exterior Description: Brick building with professional landscaping.
Parking Type: Other
Parking Description: Street Parking
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Fiber Optic
Interior Description: Well maintained space with multiple offices
Zoning Description: R-2 Medium Density Single-Family Residential
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT A-2100 BANCROFT CONDO IN THE CITY OF FAIRHOPE GR DEC 37-T6S-R2E (WBOS)

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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

Contact

Photograph of Listing Agent

Henry A Wise

Wise Living Real Estate, LLC Gulf Coast CMLS Member
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