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    Greeno Rd Fairhope, AL 36532

    Sponsored
    For Sale
    $729,000

    Multifamily, Office, Land Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional Fairhope, Alabama commercial property, located on Greeno Rd and Maple St, offers significant investment potential. Priced at $729,000, this one-acre lot (APN: 05-46-03-39-0-002-154.000) is currently zoned R-1 (Low Density Residential), presenting opportunities for redevelopment. The high-traffic location boasts over 26,000 vehicles daily on Greeno Rd and over 4,700 on Gayfer Ave (ALDOT 2021 data). Its proximity to numerous medical, professional, shopping, and retail establishments enhances its appeal. The property includes PPIN numbers 71651, 71652, and 71650. Given its current zoning, rezoning will be required for uses other than low-density residential. Adjacent properties are also available. This versatile site presents a unique chance to capitalize on a prime Fairhope location and high traffic counts. The property's potential is further enhanced by its multi-use zoning possibilities. Serious inquiries are encouraged to explore the full range of development options. The property is situated in Baldwin County, Alabama, with a zip code of 36532.

    Property Features for 0 Greeno Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    43,560 SF

    HighLights

    • $729,000 asking price.
    • Multifamily, office, and land property.
    • R‑1 Low‑density residential zoning.
    • 1‑acre lot size.
    • Located at Greeno Rd, Fairhope, AL 36532 (APN: 05‑46‑03‑39‑0‑002‑154.000).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.88669388
    Latitude
    30.53097757

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily, Office, Land Investment
    Where is this multifamily property located?
    The property is located at Greeno Rd Fairhope, AL.
    What is the asking price?
    The asking price for this property is $729,000.
    What are key features of this property?
    This property features: $729,000 asking price.; Multifamily, office, and land property.; R-1 Low-density residential zoning.
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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
    Greeno Rd Fairhope, AL 36532
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