13,878 SF Commercial Building in Fairhope
Industrial
for Sale
| Catylist Listing ID: |
30647094 |
| Property Subtypes: |
Flex Space, Manufacturing, Mixed Use, Office Showroom, Warehouse/Distribution
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| Building Size (RSF): |
13,878 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,250,000 |
| Unit Price: |
$90.07 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/9/2021 |
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.
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Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Taxing Authority: |
Fairhope |
| Tax ID/APN: |
05-46-04-20-1-000-042.005 |
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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