152 N Section St
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152 N Section St
7,188 SF 100% Leased Retail Building Fairhope, AL 36532 $4,900,000 ($682/SF)
Investment Highlights
- Rare opportunity--7188 SF heated/cooled + 2701 SF rooftop terrace, front terrace triple garage & abundant storage
- Zoned B-2 mixed use: residential and commercial space
- Built in 2019 with ICF fortified construction including storm windows and doors
- Prime location in heart of downtown Fairhope
- Steps away from boutique shopping, gourmet dining, coffee shops, entertainment, Art Center & Fairhope Pier
Executive Summary
Rare opportunity -- 7188 SQ FT heated/cooled, plus 2701 SQ FT rooftop terrace, front terrace, triple garage and abundant storage. This property has BOTH residential (4098 SQ FT)and commercial (3090 SQ FT) space. Prime location in the heart of downtown Fairhope. Zoned B-2 mixed-use building. Commercial 1st floor--5 year lease signed May 2021.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
7,188 SF
Building Class
B
Year Built
2019
Price
$4,900,000
Price Per SF
$682
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.18 AC
Zoning
B-2 - mixed use-residential/commercial; Fairhope Single Tax
Parking
3 Spaces (0.42 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Fireplace
- Wheelchair Accessible
- Accent Lighting
- Automatic Blinds
- Roof Terrace
- Storage Space
- Recessed Lighting
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
1 of 60
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152 N Section St
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