51 S Church St 2,181 SF Retail Building Fairhope, AL 36532 $1,900,000 ($871.16/SF)

This is your chance to own/lease one of the most desired locations in all of Downtown Fairhope. This huge corner lot in the center of town directly fronts the parade route and is inside of the cordoned off area when the streets are closed to accommodate pedestrian traffic only. Currently the main building is designed as a restaurant with inside seating for 38 and outside seating for 54, boasting a Toast POS with handhelds, alarm system, AME sound system inside and out, beer cooler with long draw system and 13 taps just to name a few. There is a detached cottage on the property currently operating as a short term rental. This detached cottage is only included in the purchase of this property, not the lease. This property is in the central business district and zoned B2, so the possibilities are numerous. Contact your favorite agent today for a private tour.
FF&E must be purchased as part of the lease. Asset list available upon request. 3% annual rental escalators. NN expenses are estimated.