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    369 Mobile St Fairhope, AL 36532

    Sponsored
    For Sale
    $1,500,000

    Mixed-use property, high visibility, investment opportunity.

    Property size:
    1,188 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime Fairhope, Alabama retail property, located at 369 S Mobile St, offers a unique investment opportunity. The 1,188 square foot building sits on a 1,283 square foot lot and boasts 154 feet of road frontage along Mobile Bay, ensuring high visibility. Built in 1945 and renovated in 2017, the single-story structure is zoned B3B Tourist Lodging, allowing for diverse uses. The property includes nine parking spaces. Previously operating as a retail space (including a snow cone stand), the site has been approved for a mixed-use building incorporating residential condos above retail space

    Property Features for 369 Mobile St

    General Information

    Property type
    Restaurants
    Square Feet
    1,188 SF

    Building Details

    Year Built/Renovated
    1945/2017
    Buildings
    1
    Stories
    1

    HighLights

    • Cash Sale Preferred
    • Net Leased Investment Property; Suitable for Owner‑Occupancy or Investment; Currently Vacant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ice Ice Baby ... Ice Cream Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.9147479
    Latitude
    30.5176056

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    FAQs

    What type of property is this?
    Restaurant - Mixed-use property, high visibility, investment opportunity.
    Where is this restaurant located?
    The property is located at 369 Mobile St Fairhope, AL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Cash Sale Preferred; Net Leased Investment Property; Suitable for Owner-Occupancy or Investment; Currently Vacant.;
    Request Owner's contact information
    369 Mobile St 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
    369 Mobile St Fairhope, AL 36532
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