21875 Al-181 Fairhope, AL 36532
This exceptional Fairhope, Alabama medical office building, situated on Highway 181, offers 5,782 square feet of space in a single-story building, renovated in 2021. The property boasts excellent visibility and is conveniently located near the new Planters Pointe Publix development, benefiting from Baldwin County's rapid population growth. The building is currently configured to accommodate one or two users. Approximately 4,782 square feet is owner-occupied, while the remaining approximately 1,000 square feet in the rear is leased to a short-term tenant. A digital road sign enhances visibility. The property sits on a 0.94-acre lot and is zoned B-2 Local Business District. The property includes two suites and features a convenient single-story design, eliminating the need for elevators. The parcel numbers are 05-46-02-10-0-000-030.002 (PIN: 117883) and 05-46-02-10-0-000-030.127 (PIN: 361263). The property, which includes a residential home on a separate parcel, is offered for sale at $2,515,000. This presents a unique investment opportunity in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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