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    311 Fairhope Ave Fairhope, AL 36532

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $199,000

    Thriving restaurant, prime Fairhope location. High traffic, strong sales.

    Property size:
    4,916 SF

    Description

    Added:
    Feb 10, 2025
    Days on Market:
    331
    This exceptional opportunity presents the chance to acquire the established Bone and Barrel restaurant and bar, a 3,416 square foot space located at 311 Fairhope Ave, Fairhope, AL 36532. Situated in a vibrant downtown area, this business benefits from high street and pedestrian traffic, attracting both local clientele and a steady stream of tourists. Fairhope's popularity as a year-round destination, fueled by its festivals, beautiful bay area, and proximity to Gulf Shores and Orange Beach, ensures consistent customer flow. The business is currently thriving and experiencing growth. The property sits on a 0.201-acre lot and the total building size is 4916 square feet. The asking price is $199,000. This turnkey operation offers a unique chance to own a successful, established business in a highly desirable location. Financial details are available upon request. Don't miss this chance to own a piece of Fairhope's thriving culinary scene.

    Property Features for 311 Fairhope Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,916 SF
    Price / Square Foot
    $40
    Elevators
    N/A
    Net Rentable
    3,416 SF
    Lot Size
    8,756 SF

    Building Details

    Year Built
    1904
    Buildings
    1
    Stories
    2

    HighLights

    • Prime Fairhope location with high street and pedestrian traffic.
    • Established restaurant and bar with strong local and tourist clientele.
    • 3,416 square foot space in a thriving, popular Alabama city.
    Location Intelligence

    Current Use by Public Records

    The Bone and Barrel Bar & Grill

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    State
    Alabama
    Longitude
    -87.904419
    Latitude
    30.523314

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    FAQs

    What type of property is this?
    Restaurant - Thriving restaurant, prime Fairhope location. High traffic, strong sales.
    Where is this restaurant located?
    The property is located at 311 Fairhope Ave Fairhope, AL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime Fairhope location with high street and pedestrian traffic.; Established restaurant and bar with strong local and tourist clientele.; 3,416 square foot space in a thriving, popular Alabama city.
    (850) 564-0120
    Request Owner's contact information
    311 Fairhope Ave Fairhope, AL 36532
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    Fairhope, AL 36532
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Fairhope Ave Fairhope, AL 36532
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