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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

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.
More about this property
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