13,878 SF Commercial Building in Fairhope

Industrial for Sale
Catylist Listing ID: 30773966
Property Subtypes: Flex Space, Manufacturing, Mixed Use, Office Showroom, Warehouse/Distribution
Building Size (RSF): 13,878 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Unit Price: $97.28 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: BES
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2021

Overview / Comments

Centrally located in Fairhope, west of Greeno Road, this property boasts two buildings. The front building has 7592 SF total; 5182 SF of office space, 2409 SF of open bay space, (2) 16' H x 14' W roll up doors, 5 full bathrooms with stand up showers, 3 half bathrooms, a full kitchen, fiber optic lines, wired for a generator, and on city water, but has a back up well.
The back building has 6286 SF total; 1100 SF of office space, 4300 SF of open bay space, and 886 SF of storage space, (2) 16' H x 14' W roll up doors, 1 full bathroom with stand up showers, 2 half bathrooms.
The back building is currently leased for 3 years (with (2), 2 year options) for $3600 a month. There are $1675 a month in additional income being generated in the front building mostly on a month to month basis. 1 office in the front building has 8 months left on a lease, but the rest of the space is either available for use or on month to month.
Combined 1000 AMP service, 30 parking spots, zoned M-1.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Fairhope
Tax ID/APN: 05-46-04-20-1-000-042.005
Zoning: M-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,712 15,768 32,263
Median Age: 43.94 46.16 43.2
Households: 2,486 6,971 13,110


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