701 S Mobile St - Hospitality FOR SALE


Fairhope, AL 36532
$5,500,000 USD
251-583-8968
701 S Mobile St, Fairhope, AL for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/2
null | Request Cap Rate

701 S Mobile St
Fairhope, AL 36532


OVERVIEW

Across from the Mobile Bay in downtown Fairhope sits the old Magnolia Inn, now known as Baron's Inn, and this property is NOW available for sale. All properties are being sold together. With approx. 9900 +/- sq. ft. of Motel space, with some ingenuity and know-how this Motel can once again become the Fairhope destination for families and visitors to the Gulf Coast region. Main building has multi-levels with rooms up and down as well as separate cottages & properties that are being sold together. . PPIN 6696, Zoned B3A: Property #1 - 701 S Mobile Street, The Baron Inn, is 9840 sq. ft. with 35,153 sq. ft of land. . PPIN 33005, Zoned B3A: Property #2 - 26 Laurel Street is 1435 sq. ft. with 23,435 sq. ft of land. . PPIN 5846, Zoned R2: Property #3 - 709 S. Mobile Street is 768 sq. ft. with 15,856 sq. ft of land. . PPIN 84300, Zoned R2: Property #4 with no address has 4,748 sq. ft. of land. . PPIN 33014, Zoned B3A: Property #5 - 0 Satsuma has 10,541 sq. ft. of land. . PPIN 33034, Zoned R2: Property #6 - 100 Laurel Street has 1194 sq. ft. with 16,074 sq. ft of land. . PPIN 636266: Property 7 - is vacant parcel measuring 18.4 x 50.6 x 52.8. . Parcels 1, 2, 3, 4, 5, 6, and Bush per Plat recorded in Instrument 1795040 in BALDWIN County Probate Records. Listing information deemed accurate but not guaranteed. Buyer to verify all information to satisfaction during contingency period(s). Contact Sandy Wise at 251-583-8968, Laura Norton at 251-422-3300 or Weston Robles at 251-979-9500 for additional information.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$367 USD /SF

# OF ROOMS

39

PRICE/ROOM

$141,026 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Barons Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

B-3a

APN/PARCEL ID

46-03-37-0-013-088.001

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.