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    806 Greeno Rd Fairhope, AL 36532

    For Sale
    $2,600,000

    5.27-acre mixed-use development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 5.27-acre commercial land parcel, located at 806 Greeno Rd in Fairhope, Alabama (zip code 36532), presents a unique investment opportunity. Situated on US Highway 98, this PUD-zoned property boasts over 740 feet of frontage, ensuring high visibility and accessibility. The site is ideally positioned across from the Fairhope Recreation Center and a new senior living development, guaranteeing a strong and growing surrounding community. Approved for a total of 60,000 square feet of mixed-use development, this property offers flexibility for a variety of commercial uses, including retail, restaurants, and office spaces. Current building footprint options range from 2,060 to 12,345 square feet, with modifications possible to suit specific needs. Parking is planned at a ratio of one space per 300 square feet. The asking price is $2,600,000, translating to approximately $493,359 per acre. This prime location in Baldwin County, Alabama's fastest-growing county, offers unparalleled potential for significant return on investment. The list price per square foot is $11.33. Don't miss this chance to secure a prominent position in a thriving community.

    Property Features for 806 Greeno Rd

    General Information

    Property type
    Land
    Lot Size
    229,561 SF

    HighLights

    • List Price: $11.33 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.8870353
    Latitude
    30.5397299

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    FAQs

    What type of property is this?
    Land - 5.27-acre mixed-use development site.
    Where is this land located?
    The property is located at 806 Greeno Rd Fairhope, AL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: List Price: $11.33 per square foot.; ;
    (251) 342-7229
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    806 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
    806 Greeno Rd Fairhope, AL 36532
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