0 Al-104 Fairhope, AL 36532
This exceptional 31.89-acre parcel presents a compelling investment opportunity in Fairhope, Alabama. Currently zoned AG, this property boasts approximately 987 feet of frontage on Highway 104 and an approximate depth of 1282 feet, offering significant development potential. The location is highly desirable, situated near established residential areas such as The Verandas subdivision and Three Circles Church, providing convenient access to amenities and services. St. Michael's School is also easily accessible via St. Michael Way. The property's strategic position along Highway 104 benefits from high traffic counts, approximately 9870 vehicles per day (2017 data), further enhancing its appeal for residential development. The Baldwin County location, with a Fairhope address, combines the advantages of a thriving community with the potential for substantial returns. The property's APN is 05-46-01-01-0-000-003.502. This land is ideal for a variety of residential projects, capitalizing on the strong demand for housing in this rapidly growing area. The asking price for this prime development site is $1,600,000. The property consists of 12 units.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.