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    Greeno Rd Fairhope, AL 36532

    For Lease
    $1.60 SF/Yr ($3,000 /Mo)

    High-traffic location, build-to-suit opportunity.

    Lot size:
    22,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 19,630 sq ft lot, zoned B2, presents a rare ground lease opportunity on heavily trafficked US 98/Greeno Road in Baldwin County. The property features a single-story, 22,500 sq ft vacant building, previously used as a coin-operated car wash, offering significant potential for redevelopment. The existing metal frame structure provides a solid foundation for a variety of uses, including a coffee shop, fast-food restaurant, or other quick-service establishment. The site boasts ample parking with 10 spaces and benefits from its proximity to an existing gas station and restaurant, owned by the lessor, ensuring high visibility and foot traffic. Built in 1980, this property is ready for a complete transformation. The lessor is not interested in selling but is open to negotiating a long-term ground lease and will consider build-to-suit options. The APN is 05-46-05-21-0-000-010.026. This is an unparalleled chance to establish a thriving business in a prime commercial location. Don't miss this opportunity to secure a prominent position on one of the busiest roads in the area.

    Property Features for 0 Greeno Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,500 SF
    Total Rate
    3000

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1
    Size
    22,500 SF
    Rate per SF
    $1.60

    HighLights

    • Ground lease available on high‑traffic US 98/Greeno Road.
    • 19,630 SF lot with 22,500 SF vacant building.
    • Single‑story, 1980‑built building, previously used as a coin car wash.
    • 10 parking spaces.
    • B2 General Business District zoning in Baldwin County, AL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.88587685
    Latitude
    30.51580555

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    FAQs

    What type of property is this?
    Restaurant - High-traffic location, build-to-suit opportunity.
    Where is this restaurant located?
    The property is located at Greeno Rd Fairhope, AL.
    What is the lease rate?
    The lease rate is $1.60 SF/Yr.
    What are key features of this property?
    This property features: Ground lease available on high-traffic US 98/Greeno Road.; 19,630 SF lot with 22,500 SF vacant building.; Single-story, 1980-built building, previously used as a coin car wash.
    Request Owner's contact information
    Greeno Rd 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
    Greeno Rd Fairhope, AL 36532
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