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    8124 US Highway 98 Fairhope, AL 36532

    Source: https://www.saltercompany.com
    For Sale
    $1,700,000

    Prime Fairhope land, flexible development. Highway 98 location.

    Property size:
    310,147 SF

    Description

    Added:
    Feb 17, 2025
    Days on Market:
    293
    This exceptional 7.12-acre property presents a unique development opportunity in the thriving Fairhope, Alabama market. Strategically situated along the heavily trafficked US Highway 98 corridor, these four unzoned lots offer unparalleled flexibility for a variety of projects. The seller is highly motivated and willing to negotiate lot sizes, potentially accommodating offsite work to meet specific project requirements. Pricing is also negotiable, allowing for customized deals to suit individual needs. Located in Baldwin County, with a 36532 zip code, this land boasts significant potential for future growth and high returns. The absence of zoning restrictions opens doors to a wide range of development possibilities, making this an attractive investment for both experienced developers and those seeking a unique project. The property's prime location ensures high visibility and accessibility, further enhancing its investment appeal. This is a rare chance to acquire a substantial land parcel in a rapidly expanding area, offering significant upside potential. Contact us to discuss pricing and explore the possibilities.

    Property Features for 8124 US Highway 98

    General Information

    Property type
    Other land
    Square Feet
    310,147 SF
    Price / Square Foot
    $5
    Elevators
    N/A
    Lot Size
    310,147 SF

    HighLights

    • Seven and twelve acres of unzoned land in Fairhope, Alabama, ideal for flexible development.
    • Located on the US Highway 98 corridor, offering high visibility and accessibility.
    • Seller is open to negotiating lot sizes, site work, and pricing to meet buyer needs.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Spa & Massage Hotel & Motel Gym & Fitness Food Market Storage Facility Convenience Store Pet Store Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    State
    Alabama
    Longitude
    -87.885833
    Latitude
    30.420882

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    FAQs

    What type of property is this?
    Land - Prime Fairhope land, flexible development. Highway 98 location.
    Where is this land located?
    The property is located at 8124 US Highway 98 Fairhope, AL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Seven and twelve acres of unzoned land in Fairhope, Alabama, ideal for flexible development.; Located on the US Highway 98 corridor, offering high visibility and accessibility.; Seller is open to negotiating lot sizes, site work, and pricing to meet buyer needs.
    (251) 270-9099
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    8124 US Highway 98 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
    8124 US Highway 98 Fairhope, AL 36532
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