9115 Us-98 Fairhope, AL 36532
This exceptional commercial property, the Horse Shoe Saloon, presents a lucrative investment opportunity in Fairhope, Alabama. Located at 9115 US-98, this established entertainment venue occupies a 6,720 square foot building situated on a generous 3.17-acre lot. The property is currently operating at 100% occupancy and boasts a two-story structure. Its zoning designation is BCZ (Base Community Zoning District), offering flexibility for various business ventures. The asking price is $1,014,999, with seller financing a possibility. This translates to a price per square foot of $145. The property's strategic location just off US-98 in South Fairhope provides excellent visibility and accessibility. The surrounding area demonstrates strong demographics, with over 11,000 residents within a 5-mile radius and an average household income exceeding $89,971. This translates to a robust customer base for a thriving business. The property's potential extends beyond its current use, allowing for diverse business applications within the permitted zoning. The sale includes the building and land, offering a complete and turnkey operation. This is a rare chance to acquire a well-established business in a high-growth area. The property's APN is 05-56-05-22-0-000-013.005. The property consists of one building.
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
Similar Nearby for Sale
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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.