Property profile

0 Greeno Rd Fairhope, AL 36532

OFF-MARKET
Office Spaces
1 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Greeno Rd Fairhope, AL 36532
Fairhope metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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