Downtown Fairhope Investment

Retail-Commercial for Sale
Catylist Listing ID: 30335061
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,100 SF
Gross Land Area: 4,610 SF
Sale Price: $995,000
Unit Price: $320.97 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/21/2019

Overview / Comments

Fully leased investment property in downtown Fairhope available for purchase. Suite A is a +/-1,200 SF retail suite, Suite B is a +/-1,160 SF retail suite and a Suite C is a +/- 740 SF apartment upstairs. Suite A occupied by a cigar shop and Suite B occupied by a upscale bar. Both suites have gated courtyards. Right on Section Street within walking distance to other retail/office locations in the downtown area.
Call listing agent for lease information.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Revenue Commissioner & FSTC
Tax ID/APN: 015163
Zoning: B-2 CENTRAL BUSINESS DISTRICT
Retail Clientele: General, Business, Tourist, Other
Property Located Between: Bellangee and Morphy
Property Visibility: Excellent
Feet of Frontage: 53
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1955
Year Renovated: 2013
Construction/Siding: Brick
Parking Type: Other
Parking Description: On street parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: B-2 Central Business District
Lot Frontage: 53
Lot Depth: 87
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,575 14,165 32,263
Median Age: 51.69 46.99 43.2
Households: 2,707 6,379 13,110

Contact

Photograph of Listing Agent

Sharon R. Wright, CCIM

White-Spunner Realty Gulf Coast CMLS Member
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