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    9115 Us-98 Fairhope, AL 36532

    Sponsored
    For Sale
    $1,014,999

    Thriving Restaurant/Bar, Prime Location

    Property size:
    6,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, the Horse Shoe Saloon, presents a lucrative investment opportunity in Fairhope, Alabama. Located at 9115 US-98, this established entertainment venue occupies a 6,720 square foot building situated on a generous 3.17-acre lot. The property is currently operating at 100% occupancy and boasts a two-story structure. Its zoning designation is BCZ (Base Community Zoning District), offering flexibility for various business ventures. The asking price is $1,014,999, with seller financing a possibility. This translates to a price per square foot of $145. The property's strategic location just off US-98 in South Fairhope provides excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with over 11,000 residents within a 5-mile radius and an average household income exceeding $89,971. This translates to a robust customer base for a thriving business. The property's potential extends beyond its current use, allowing for diverse business applications within the permitted zoning. The sale includes the building and land, offering a complete and turnkey operation. This is a rare chance to acquire a well-established business in a high-growth area. The property's APN is 05-56-05-22-0-000-013.005. The property consists of one building.

    Property Features for 9115 Us-98

    General Information

    Property type
    Restaurants
    Square Feet
    6,720 SF
    Lot Size
    138,085 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $1,014,999 asking price for this 6,720 SF restaurant.
    • Located at 9115 US‑98, Fairhope, AL 36532, on a 3.17‑acre lot.
    • Currently operating as the Horse Shoe Saloon, a 100% occupied, single‑tenant retail property.
    • Features two stories in a Base Community Zoning District (BCZ).
    • Seller financing may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.8662953
    Latitude
    30.4221324

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    FAQs

    What type of property is this?
    Restaurant - Thriving Restaurant/Bar, Prime Location
    Where is this restaurant located?
    The property is located at 9115 Us-98 Fairhope, AL.
    What is the asking price?
    The asking price for this property is $1,014,999.
    What are key features of this property?
    This property features: $1,014,999 asking price for this 6,720 SF restaurant.; Located at 9115 US-98, Fairhope, AL 36532, on a 3.17-acre lot.; Currently operating as the Horse Shoe Saloon, a 100% occupied, single-tenant retail property.
    Request Owner's contact information
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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
    9115 Us-98 Fairhope, AL 36532
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