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    150 N Section St Fairhope, AL 36532

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $36 SF/Yr ($18,000 /Mo)

    Prime Fairhope location, flexible lease options.

    Lot size:
    6,000 SF

    Description

    Added:
    Mar 6, 2025
    Days on Market:
    308
    This exceptional retail space, located at 150 N Section St in Fairhope, Alabama, 36532, offers 6,000 square feet of versatile commercial space. Boasting 66 feet of frontage on Section Street, this property enjoys a high-visibility location in the heart of downtown Fairhope. The space is currently configured for retail use but is adaptable to office or restaurant needs, offering significant flexibility for prospective tenants. The landlord is planning a complete interior and exterior renovation commencing January 1st, 2025, as depicted in the provided renderings. While the entire 6,000 square feet is available for lease, the landlord is open to dividing the space to accommodate multiple tenants. This presents a unique opportunity for businesses seeking a prominent location in a thriving downtown area. The lease is a NNN (Net, Net, Net) type, with an annual rate of $36 per square foot. Interested parties should inquire about lease terms and specific details regarding the upcoming renovations. This property represents a compelling investment opportunity in a desirable and rapidly growing market.

    Property Features for 150 N Section St

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    6,000 SF
    USF (Usable sq. ft)
    6,000 SF
    Elevators
    N/A
    Total Rate
    18000

    Building Details

    Year Renovated
    2002
    Buildings
    1
    Stories
    1

    HighLights

    • Prime 6,000 sq ft Fairhope retail space available for lease.
    • Highly visible 66' frontage on Section Street in downtown Fairhope.
    • Flexible lease terms; full space or divisible for multiple tenants.
    Location Intelligence

    Current Use by Public Records

    Green Gates Furniture Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    State
    Alabama
    Longitude
    -87.902693
    Latitude
    30.526482

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    FAQs

    What type of property is this?
    Other retail property - Prime Fairhope location, flexible lease options.
    Where is this other retail property located?
    The property is located at 150 N Section St Fairhope, AL.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Prime 6,000 sq ft Fairhope retail space available for lease.; Highly visible 66' frontage on Section Street in downtown Fairhope.; Flexible lease terms; full space or divisible for multiple tenants.
    (205) 907-5524
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    150 N Section St 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
    150 N Section St Fairhope, AL 36532
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