210 Fairhope Ave - Storefront Retail/Residential FOR SALE


Fairhope, AL 36532
$2,400,000 USD
251-583-8968
210 Fairhope Ave, Fairhope, AL for Sale
$2,400,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

210 Fairhope Ave
Fairhope, AL 36532


OVERVIEW

Mixed Use Downtown Fairhope Property For Sale Mixed-use property consisting of two main buildings in the heart of Downtown Fairhope. Total building area: 5,227 SF. The front building (±2,962 SF) consists of three suites: • Suite A (Ground Floor – 1,488 SF): Retail/office space currently operating as an Italian cooking school under a multi-year NNN lease. Two (2) reserved parking spaces. • Suite B (Second Floor – Left unit facing building – 737 SF): 1 bed / 1 bath residential condo with private balcony. Two (2) reserved parking spaces. • Suite C (Second Floor – Right unit facing building – 737 SF): 1 bed / 1 bath residential condo with private balcony. One (1) reserved parking space. All five parking spaces for the front building are located behind the building and marked with signage. The second building is ±2,265 SF and is currently occupied by a long-standing local restaurant. Two (2) reserved parking spaces are allocated to the restaurant. Property also includes an outdoor patio area. Annual property taxes: $10,954 Estimated annual insurance: $7,000 Stabilized, income-producing asset in a premier Baldwin County location. Financials available upon request. For additional information or to schedule a showing: Sandy Wise – 251-583-8968 Weston Robles – 251-979-9500 Listing information deemed accurate, but not guaranteed. Buyer to verify all information to satisfaction during contingency period(s).

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$722 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B-2

APN/PARCEL ID

46-03-37-0-602-001.504

ASK ABOUT THIS PROPERTY

Sandy WiseWise Living Real EstateMore Info
251-583-8968

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Sandy WiseWise Living Real EstateMore Info
251-583-8968

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.