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    361 Commercial Park Dr Fairhope, AL 36532

    Source: https://www.saltercompany.com
    For Lease
    $3,250 /Mo ($14 SF/Yr)

    2,705 SF Retail Space, Fairhope, AL

    Lot size:
    2,705 SF

    Description

    Added:
    Mar 17, 2025
    Days on Market:
    273
    This exceptional 2,705-square-foot retail space is ideally located at 361 Commercial Park Drive, Suite A, in Fairhope, Alabama, 36532. The property, part of a larger building, offers a versatile layout perfect for a variety of retail businesses. The space is divided into a 1,680-square-foot showroom and a 1,025-square-foot warehouse area, both climate-controlled for year-round comfort. Access is provided via both front and rear entrances, enhancing convenience and functionality. The property is zoned M-1 (Light Industrial), providing flexibility for various uses. Built in 1995, the building sits on a lot measuring approximately 110 x 171 feet, with the building itself estimated at 80 feet wide by 66 feet deep. The property's PPIN number is 63673. Annual property taxes are $1,515.24, and annual insurance costs are $1,080.07. The lease is a NNN lease with a term of 1-2 years. The monthly base rent is $2,762, with additional monthly charges of $225 for CAM, $156 for taxes, and $107 for insurance, resulting in a total monthly cost of $3,250. Measurements are approximate and should be verified by the lessee. This is a fantastic opportunity to establish or expand your business in a prime Fairhope location.

    Property Features for 361 Commercial Park Dr

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    2,705 SF
    USF (Usable sq. ft)
    2,705 SF
    Class
    A
    Total Parking Spaces
    10
    Elevators
    N/A
    Total Rate
    3250
    Lease Term
    1-2 Years

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1

    HighLights

    • 2,705 square foot retail space available for lease in Fairhope, Alabama.
    • Features a 1680 sq ft showroom and 1025 sq ft warehouse, both heated and cooled.
    • Located at 361 Commercial Park Dr, with front and rear entry; NNN lease, 1‑2 year term.
    Insight Report Location Intelligence

    Current Use by Public Records

    Clear Image Glass, ... Glass & Mirror Shop Mattress Today Fairhope ... Mattress Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    State
    Alabama
    Longitude
    -87.888577
    Latitude
    30.515192

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    FAQs

    What type of property is this?
    Other retail property - 2,705 SF Retail Space, Fairhope, AL
    Where is this other retail property located?
    The property is located at 361 Commercial Park Dr Fairhope, AL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 2,705 square foot retail space available for lease in Fairhope, Alabama.; Features a 1680 sq ft showroom and 1025 sq ft warehouse, both heated and cooled.; Located at 361 Commercial Park Dr, with front and rear entry; NNN lease, 1-2 year term.
    (251) 928-9473
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    361 Commercial Park Dr 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
    361 Commercial Park Dr Fairhope, AL 36532
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