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    150 Section St Fairhope, AL 36532

    Sponsored
    For Lease
    $36 SF/Yr ($18,000 /Mo)

    Prime Fairhope location, flexible suites available

    Lot size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,000 square foot commercial property, located at 150 N Section St, Fairhope, AL, presents a unique opportunity in the heart of downtown. Boasting 66 feet of frontage on Section Street, this single-story building offers flexible lease options, accommodating tenants seeking spaces ranging from 1,200 to 6,000 contiguous square feet. Currently configured as open-plan retail space, the property is adaptable to various uses, including traditional office, executive office, or restaurant concepts. The building is zoned B-2, allowing for a wide range of commercial activities. A complete interior and exterior renovation is planned, commencing January 1st, 2025, as evidenced by the provided renderings. This renovation will modernize the space and enhance its appeal. The property is available for lease as a whole or can be divided to suit multiple tenants. The lease is a NNN (Net, Net, Net) agreement. The property's location in the Fairhope - Downtown submarket, near Pine Ave, ensures high visibility and accessibility. This is an excellent opportunity to secure a prominent space in a thriving downtown area. Contact us today to learn more about this exciting opportunity.

    Property Features for 150 Section St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Total Rate
    18000

    Building Details

    Year Renovated
    2025
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    6,000 SF
    Rate per SF
    $42

    HighLights

    • 6,000 square foot building available for lease in downtown Fairhope.
    • Suitable for retail, office, or restaurant use.
    • Space divisible from 1,200 square feet to the full 6,000 square feet.
    • Building features 66 feet of frontage on Section Street.
    • Complete interior and exterior renovation planned for completion in 2025.
    • NNN lease.
    Property Profile 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
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.903024991457
    Latitude
    30.526431928463

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    FAQs

    What type of property is this?
    Restaurant - Prime Fairhope location, flexible suites available
    Where is this restaurant located?
    The property is located at 150 Section St Fairhope, AL.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: 6,000 square foot building available for lease in downtown Fairhope.; Suitable for retail, office, or restaurant use.; Space divisible from 1,200 square feet to the full 6,000 square feet.
    Request Owner's contact information
    150 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 Section St Fairhope, AL 36532
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