Zoned B3B - DownTown Fairhope

Special Purpose for Sale
Catylist Listing ID: 30868221
Building Size (RSF): 2,226 SF
Gross Building Area: See Agent
Gross Land Area: 0.41 Acres
Sale Price: $1,485,000
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 4/15/2024

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.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-37-0-006-038.511
Zoning: B3B
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

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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

Brooke Butler

Mobile Bay Realty Gulf Coast CMLS Member
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