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    Al-181 Fairhope, AL 36952

    For Sale
    $1,995,000

    Prime Retail Site, Approved Hotel, High Growth Area

    Property size:
    61,224 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 61,224 square foot development opportunity in Fairhope, Alabama, is priced at $1,995,000 ($32.59/sq ft). Situated on a 1-10 acre lot, this property offers a unique blend of hospitality and retail potential. The site boasts an approved hotel plan, making it ideal for immediate development or ground lease. Its strategic location at a lighted intersection across from a Walmart supercenter ensures high visibility and accessibility. The property benefits from its proximity to recently constructed Aldi and Publix grocery stores, as well as a new hospital, guaranteeing a strong customer base. Furthermore, this development is nestled within Baldwin County, Alabama, a region experiencing rapid growth, surrounded by new residential communities. This mixed-use development presents a compelling investment opportunity with various options available, including sale, ground lease, joint venture, or build-to-suit arrangements. The property's prime location and existing approvals make it an attractive proposition for investors seeking a high-return opportunity in a thriving market. This is a rare chance to capitalize on the burgeoning growth of Fairhope and Baldwin County.

    Property Features for 0 Al-181

    General Information

    Property type
    Hospitality properties
    Square Feet
    61,224 SF
    Lot Size
    43,560 SF

    Building Details

    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairhope
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.852510812706
    Latitude
    30.520531587721

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    FAQs

    What type of property is this?
    Hospitality property - Prime Retail Site, Approved Hotel, High Growth Area
    Where is this hospitality property located?
    The property is located at Al-181 Fairhope, AL.
    What is the asking price?
    The asking price for this property is $1,995,000.
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    Al-181 Fairhope, AL 36952
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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
    Al-181 Fairhope, AL 36952
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