101 Fairhope Ave, Fairhope Alabama 36532

Special Purpose for Sale
Catylist Listing ID: 30782457
Building Size (RSF): 2,110 SF
Gross Building Area: See Agent
Gross Land Area: 0.40 Acres
Sale Price: $1,600,000
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2022

Overview / Comments

Premier lot in downtown Fairhope zoned B3B. B3B zoning is for “Tourist Resort Commercial Service District.” At corner of Fairhope Avenue and Bayview Street. This large lot is 132’ x 132’ and mere steps away from the Fairhope Pier and downtown Fairhope. This prominent and visible site has over 250’ of street front.
Currently utilized as a single-family residence with a guest cottage. But the property could be developed for other uses. Some potential uses of parcels with B3B zoning are: Single Family Residence, Two-Family residence, Multi-Family, Mixed Use, Office (general and Professional), Retail, Hotel/Motel, Restaurants, Bar, etc. (Buyer to verify)
This is an incredible location and one of the large B3B lots in town. Unmatched development opportunity.

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-37-0-006-038.511
Property Located Between: Fairhope Pier and downtown Fairhope
Property Visibility: Excellent
Largest Nearby Street: Fairhope Ave
Feet of Frontage: 264
Site Description: Zoned B3B. Uses include
Total Number of Buildings: 2
Typical SF / Floor: 3,000 SF
Property Condition: Fair
Year Built: 1910
Construction/Siding: Wood Siding
Exterior Description: Wood siding typical of older home
Parking Type: Other
Zoning Description: Zoned B3B Suitable for many uses.
Lot Frontage: 132
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Unknown
Land Ownership: Leasehold
Legal Description: 132' X 132' IMP ON LOT 2 AND 3 BLOCK 9 DIV 1 FST FAIRHOPE SINGLE TAX CORP LANDS GR SEC 37-T6S-R2E (FST WARR BOS) LEASE-IN#1304061

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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

Joseph Carver

JPAR Coast and County Gulf Coast CMLS Member
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