355 S Mobile St - Multi-Family FOR SALE


Fairhope, AL 36532
$4,927,000 USD
251-510-2277
355 S Mobile St, Fairhope, AL for Sale
$4,927,000 USD
Multi-Family - FOR SALE
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355 S Mobile St
Fairhope, AL 36532


OVERVIEW

Oak Haven Cottages New Listing | $4,927,000 | Oak Haven Cottages | Fairhope, Alabama Now available for the first time, this trophy property is situated on Mobile Street in the heart of the historic "Fruit and Nut" district. Overlooking Mobile Bay and located within easy walking distance to the Fairhope Pier and downtown, this 2.52-acre parcel offers a rare investment opportunity. The property currently features a large main house and 10 separate cottages comprising 16 total rental units. Most notably, the land carries the coveted B-3b Tourist Resort Commercial Service District zoning, a rare designation in Fairhope. This flexible zoning allows for a wide range of high-value uses, including: - Short-term vacation rentals -Mixed-use residential and commercial development -Boutique hotels, restaurants, and retail Call Herrington Realty for more information

FOR SALE DETAILS

PRICE

$4,927,000 USD

# OF UNITS

19

PRICE/UNIT

$259,316

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Haven Cottages

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

-

APN/PARCEL ID

46-03-37-0-011-059.000

ASK ABOUT THIS PROPERTY

Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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