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    557 - 559 Fairhope Ave Fairhope, AL 36532

    Source: https://www.saltercompany.com
    For Lease
    $39 SF/Yr ($3,597 /Mo)

    1,107 SF Retail Space, Prime Location

    Lot size:
    1,107 SF

    Description

    Added:
    Mar 2, 2025
    Days on Market:
    288
    This exceptional 1,107 square foot retail space is located in the highly desirable Portico Final Phase development at 557-559 Fairhope Avenue, Suite 205, Fairhope, Alabama, 36532. Situated on the second floor, this unit offers a complete office build-out, featuring three individual offices and a convenient coffee nook/break room, perfect for employee relaxation and informal meetings. The space benefits from shared hallway access and shared bathrooms located on the second floor, ensuring ease of use and shared amenities. Access to the suite is convenient via both stairs and an elevator located at the rear and side of the building. Enjoy excellent visibility with Suite 205 boasting a prominent location facing Fairhope Avenue, ensuring high foot traffic and exposure for your business. The lease is a NNN (Net, Net, Net) lease with a minimum term of 5 years, and the annual rent is $39 per square foot. This turnkey space is ready for immediate occupancy and presents a fantastic opportunity for a variety of retail businesses seeking a well-appointed and strategically located space in the thriving Fairhope market. Don't miss this chance to establish your business in this vibrant community.

    Property Features for 557 - 559 Fairhope Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    1,107 SF
    USF (Usable sq. ft)
    1,107 SF
    Elevators
    N/A
    Total Rate
    3597.75
    Lease Term
    5+ Years

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • Prime 1,107 sq ft Fairhope retail space available.
    • NNN lease, 5+ year term, ideal for various businesses.
    • Modern build‑out includes private offices & break room, excellent street visibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    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?
    Individual retail property - 1,107 SF Retail Space, Prime Location
    Where is this individual 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: Prime 1,107 sq ft Fairhope retail space available.; NNN lease, 5+ year term, ideal for various businesses.; Modern build-out includes private offices & break room, excellent street visibility.
    (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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