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: |
8/3/2020 |
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 |
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 |
|
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