Current Use by Public Records
- The Retreat on Nichols / Bed & Breakfast / Restaurant
Property Details for 614 Nichols Ave
- Year built
- 2016
- Lot size
- 0.35 lot acres
- Property type
- Residential income homes
Description
This exceptional Fairhope, Alabama investment property presents a unique opportunity. Priced at $899,000, this 1,683 square foot duplex boasts two stylish, fully furnished micro-cottages, each approximately 720 square feet with one bedroom and one bathroom. Built in 2016, the property features poured-in-place concrete walls for enhanced durability and is situated on a 0.35-acre lot in a B-1 (Local Shopping District) zoned area. Currently operating as a thriving short-term rental, each unit comfortably sleeps up to four guests and includes a king-size bed and a sleeper sofa. Shared amenities include an additional bathroom, electric vehicle charging, outdoor gaming areas, a kitchen setup, a wood-fire oven, a fire pit, and a shared laundry area. Six parking spaces are available on an adjacent lot. The property's prime location offers easy access to downtown Fairhope, shops, restaurants, parks, and Mobile Bay. Its versatile zoning allows for potential conversion into office space, mixed-use development, or private suites, or the addition of another dwelling unit or office building on the vacant portion of the lot. This turnkey investment includes two parcel identification numbers, 9591 and 361758. The property is a gated retreat, offering privacy and security. This is an ideal opportunity for investors seeking a high-return, low-maintenance property in a desirable location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fairhope
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.8956
- Latitude
- 30.516
