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    557 - 559 Fairhope Ave Fairhope, AL 36532

    Source: https://www.saltercompany.com
    For Lease
    $40 SF/Yr ($4,686 /Mo)

    Prime Fairhope retail space available. NNN lease, 5+ year term.

    Lot size:
    1,406 SF

    Description

    Added:
    Mar 2, 2025
    Days on Market:
    288
    This exceptional 1,406 square foot retail space is located in the final phase of the Portico development at 557 Fairhope Ave, Suite 108, Fairhope, AL 36532. The unit boasts turn-key improvements, including a private bathroom. Benefiting from a highly desirable location, this space offers convenient access to the courtyard between buildings 557 and 559, providing a unique outdoor amenity. Furthermore, Suite 108 enjoys direct sidewalk access on Fairhope Avenue, ensuring high visibility and pedestrian traffic. The lease is a Net, Net, Net (NNN) agreement with a minimum term of five years. The annual rent is $40 per square foot. For businesses requiring more space, there is the potential to lease additional square footage, up to a total of 5,532 square feet. This presents a fantastic opportunity for a variety of retail businesses seeking a well-appointed space in a thriving Fairhope location. Inquire today for more details and to schedule a viewing.

    Property Features for 557 - 559 Fairhope Ave

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    1,406 SF
    USF (Usable sq. ft)
    1,406 SF
    Elevators
    N/A
    Total Rate
    4686.67
    Lease Term
    5+ Years

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • 1,406 sq ft retail space available in Fairhope, AL's Portico development.
    • Turn‑key improvements included, plus one bathroom.
    • Unique courtyard & street access from Suite 108.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    -87.904155
    Latitude
    30.536454

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    FAQs

    What type of property is this?
    Other retail property - Prime Fairhope retail space available. NNN lease, 5+ year term.
    Where is this other retail property located?
    The property is located at 557 - 559 Fairhope Ave Fairhope, AL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 1,406 sq ft retail space available in Fairhope, AL's Portico development.; Turn-key improvements included, plus one bathroom.; Unique courtyard & street access from Suite 108.
    (251) 342-7229
    Request Owner's contact information
    557 - 559 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
    557 - 559 Fairhope Ave Fairhope, AL 36532
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