9837 Hwy 98 - Freestanding FOR SALE


Fairhope, AL 36532
$1,350,000 USD
251-510-2277
9837 Hwy 98, Fairhope, AL for Sale
$1,350,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

9837 Hwy 98
Fairhope, AL 36532


OVERVIEW

Herrington Realty is pleased to present an exclusive opportunity to purchase a +-5000 SF Fully Leased Retail Strip Center in Fairhope, AL. The property is just off Highway 98 and has high visibility and traffic off Hwy 98. The retail center is currently fully leased with 4 units. Each unit is 1250 SF and each tenant is currently occupying 2 units for a total of 2,500 each and leases for $2,500 per month gross. The property comes with 8.9 acres with almost +-1,400 feet of Frontage on Hwy 98 just off the intersection of Mary Ann Beach Road.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

8.9 AC

LAND SF

387,684 SF

ZONING

Commercial

APN/PARCEL ID

56-05-22-0-000-018.001

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.