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    557 - 559 Fairhope Ave Fairhope, AL 36532

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $39 SF/Yr ($4,777 /Mo)

    Prime 1,470 SF retail space in Fairhope, AL.

    Lot size:
    1,470 SF

    Description

    Added:
    Mar 2, 2025
    Days on Market:
    311
    This exceptional 1,470 square foot retail space is located in the final phase of the Portico development at 557-559 Fairhope Avenue, Fairhope, Alabama, 36532. Situated on the ground floor, Suite 109 offers convenient sidewalk access directly from Fairhope Avenue, ensuring high visibility and foot traffic. The space boasts turn-key improvements, including a dedicated restroom. This is a NNN lease with a minimum term of 5 years, and the annual rent is $39 per square foot. The property is categorized as other retail, individual retail, and shopping center space. For businesses requiring more space, there is potential for expansion up to a total of 5,532 square feet. This location presents a fantastic opportunity for a variety of retail businesses seeking a prominent presence in a thriving Fairhope community. The space is ready for immediate occupancy. Contact us today 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)
    1,470 SF
    USF (Usable sq. ft)
    1,470 SF
    Elevators
    N/A
    Total Rate
    4777.5
    Lease Term
    5+ Years

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • 1,470 sq ft retail space available in Fairhope, AL's Portico development.
    • Turn‑key improvements included, plus potential for expansion up to 5,532 sq ft.
    • Convenient street‑level access on Fairhope Ave with a dedicated restroom.
    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 1,470 SF retail space in Fairhope, AL.
    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 $39 SF/Yr.
    What are key features of this property?
    This property features: 1,470 sq ft retail space available in Fairhope, AL's Portico development.; Turn-key improvements included, plus potential for expansion up to 5,532 sq ft.; Convenient street-level access on Fairhope Ave with a dedicated restroom.
    (251) 342-7229
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    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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