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    355 S Greeno Rd Fairhope, AL 36532

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    For Lease
    $3,500 /Mo ($1.87 SF/Yr)

    Ground lease opportunity in high-traffic area suitable for various businesses.

    Property size:
    22,500 SF
    Lot size:
    0.45 Acres

    Property Features for 355 S Greeno Rd

    General Information

    Size
    22,500 SF
    Lot size
    0.45 Acres

    Source: Wise Living Real Estate, LLC Agent Henry A Wise IV

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High Traffic Area Ground Lease

    A ground lease opportunity is available on US 98/Greeno Road, a high-traffic area. The property, according to tax records, comprises 19,630 square feet of land with an open parking lot and metal frame buildings previously used as a coin car wash. The location is suitable for a coffee shop or fast food/QSR establishment under a ground lease. The lessor, who owns the adjacent gas station and restaurant, is offering a long-term ground lease and build-to-suit options. The ground lease requires the lessee to pay a pro-rata share of taxes. The open space includes an existing old car wash. The property size may be reduced to 75 feet wide by 225 feet deep due to easement reasons.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chevron Gas Station Cardtronics ATM Atm Soulful deli Restaurant Amazon Locker - Director Mailing Service Deli-Depot Food Mart Convenience Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8856267
    Latitude
    30.5160462

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    FAQs

    What type of property is this?
    Car wash - Ground lease opportunity in high-traffic area suitable for various businesses.
    Where is this car wash located?
    The property is located at 355 S Greeno Rd Fairhope, AL.
    What is the lease rate?
    The lease rate is $1.87 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on US 98/Greeno Road.; - Ground lease opportunity next to existing gas station and restaurant.; - Suitable for coffee shop or fast food/QSR.
    (251) 583-8968
    Request Owner's contact information
    355 S Greeno Rd 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
    355 S Greeno Rd Fairhope, AL 36532
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