Zoned B3B - DownTown Fairhope
Special Purpose
for Sale
| Catylist Listing ID: |
30877091 |
| Building Size (RSF): |
2,226 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.41 Acres
|
| Sale Price: |
$1,397,000 |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/3/2024 |
Overview / Comments
|
Unlock the investment potential of a historic gem in the heart of Fairhope, Alabama. Presenting an unparalleled opportunity, this iconic property, dating back to 1910, is now on the market for investors with a keen eye for prime real estate. Strategically positioned on nearly half an acre and zoned B3B, the estate is mere steps from Fairhope Pier and the vibrant downtown district, positioning it as a premier investment in Fairhope's thriving real estate landscape. Situated at the sought-after crossroads of Fairhope Avenue and Bayview Street, this two-story residence is surrounded by lush, mature trees, offering an oasis of tranquility within a bustling urban setting.The property boasts a meticulously renovated 1BR/1BTH guest cottage within its expansive double lot, presenting a unique blend of residential charm and commercial viability. With its flexible B3B zoning, the estate is perfectly suited for a variety of uses, including single and multi-family dwellings, mixed-use developments, professional offices, retail spaces, and hospitality ventures such as hotels, motels, restaurants, and bars. This zoning also opens the door to profitable short-term rental ventures, further elevating its attractiveness in the dynamic Fairhope market. This exceptional property represents a rare investment in downtown Fairhope's storied past and bright future.Investors are encouraged to perform thorough due diligence to fully understand the lucrative potential of this distinctive offering. Contactyour preferred real estate professional for an in-depth exploration of this unmatched investment opportunity, where historical elegance converges with contemporary flexibility in one of Fairhope's most coveted locales.
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Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-46-03-37-0-006-038.511 |
| Zoning: |
B3B |
| Property Located Between: |
Fairhope Avenue and Bayview |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Fairhope Avenue |
| Feet of Frontage: |
132 |
| Total Number of Buildings: |
3 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
2,200 SF |
| Property Condition: |
Good |
| Year Built: |
1906 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Siding |
| Parking Type: |
Surface |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Zoning Description: |
Single Residence, Two family, Multi Family, Apartments, Restaurant, Bar, Entertainment Venue, Hotels/Motels, Bed and Breakfast, Mixed Use, etc. |
| Lot Frontage: |
132 |
| Lot Depth: |
132 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Land Ownership: |
Owned |
| Legal Description: |
132 X 132 IMP ON LOT 2 AND 3 BLOCK 9DIV 1 FST FAIRHOPE SI NGLE TAX CORPLANDS GR SEC 37-T6S-R2E (WB |
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 |
|
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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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