Commercial Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30613587
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 4,130 SF
Gross Land Area: 0.66 Acres
Sale Price: $848,800
Unit Price: $205.52 PSF
Ceiling: 8.9 ft.
Property Use Type: Vacant/Owner-User
Building Name: Formerly Olde South Antiques
Usable Size (USF): 4,130 SF
Core Factor: 100%
Sale Terms: Cash to Seller
Auction License Number: N/A
Last Updated: 8/28/2020

Overview / Comments

High Visibility Commercial Site Zoned B-1 Permitting Mixed Use Situated On The South West Corner Of Scenic HWY 98 AKA Section Street And Perdido Avenue / 326’ Of Combined Road Frontage With 153’ On Section St. And 173’ On Perdido Ave. / Once A Medical Facility And Most Recently An Antique Store The Current Floor Plan Consists Of Multiple Spaces Offering Potential For Offices, Conference Rooms Or Retail Display / Exterior Loading Ramp / Culverting In Place To Establish Ingress And Egress To Section Street / Primary Value In Land And Location.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,045 (Annual)
Lender Name N/A
Amortization Period N/A

Current Tenants

Tenant Business Name N/A
Industry Type Retail Trade
Suite Number N/A
Escalations N/A
Options N/A
Tenant Notes N/A

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County
Tax ID/APN: 05-46-03-37-0-002-084.002
Zoning: B-1 / LOCAL SHOPPING DISTRICT
Retail Clientele: General, Business, Recreation
Property Located Between: Perdido Avenue and Grand Avenue
Property Visibility: Excellent
Largest Nearby Street: U S Highway 98 AKA Greeno Road
Feet of Frontage: 326
Highway Access: Subject Located 1.2 miles South of U S Highway 98
Airports: Mobile / Brookley / Pensacola
Site Description: High Visibility Corner Location With 153' Of Frontage On N. Section St. AKA Scenic HWY 98 And 173' Feet Of Frontage On Perdido Ave. / Gently Sloping Topography / High Elevation.
Area Description: Located On The Eastern Shore Of Mobile Bay In A Rapidly Developing Community, Approximately 5 Blocks From The Heart Of Downtown Fairhope / Established Retail & Professional Offices Within The Immediate Area / Located Adjacent To THE COFFEE LOFT / Residential Areas Surround
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1955
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: Single Level Structure Situated Near Rear Of Site Allowing For Expansive Parking In Front
Total Parking Spaces: 40
Parking Type: Surface
Parking Description: Rock Surface / Estimated 40 spaces
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Other
Interior Description: Lobby-Reception Area With Sales Counter / Multiple Rooms - Possible Individual Offices / Retail Display / Kitchen-Break Room / Single Bathroom
Zoning Description: City / B-1
Lot Frontage: 153
Lot Depth: 173
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: Access and Utilities
Land Ownership: Deeded / Whole
Legal Description: From the Southwest corner of Lot 14, Block 4 of Airey Heights, a Subdivision as recorded in Map Book 1, Page 38, of the Probate Records, Baldwin County, Alabama, which point is on the North right-of-way of Grand Avenue; run thence North 20 degrees, 00 minutes East, along the West line of said Lot 14 and continuation thereof a distance of 162.02 feet to an iron pipe for the POINT OF BEGINNING; thence continue North 20 degrees, 00 minutes East 171.25 feet to a concrete monument on the South right-of-way of Perdido Avenue; thence run South 70 degrees, 00 minutes East along said North right-of-way 173.10 feet to a concrete monument on the present West right-of-way of U.S. Highway 98 (Section Street); thence run South 19 degrees, 36 minutes West along said West right-of-way 153.0 feet to an iron pipe; thence run North 75 degrees, 59 minutes West 175.12 feet to the POINT OF BEGINNING, being situated in Section 8, Township 6 South, Range 2 East, Baldwin County, Alabama.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,855 13,274 35,581
Median Age: 49.53 46.47 43.6
Households: 2,310 5,981 14,490

Contact

Photograph of Listing Agent

Bob Allsman

RE/MAX By The Bay Fairhope Gulf Coast CMLS Member
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