311 Fairhope Ave Fairhope, AL 36532
- Turn key restaurants
- 3,811 SF
- 0.10 lot acres
Current Use by Public Records
- The Bone and Barrel / Bar / Live Music Bar
Property Details for 311 Fairhope Ave
- Year built
- 1904
- Lot size
- 0.10 lot acres
- Property size
- 3,811 SF
- Property type
- Turn key restaurants
- APN
- 46-03-37-0-601-002.513
- APU
- 4603370601002513
Description
This exceptional business opportunity presents a thriving restaurant and bar located at 311 Fairhope Ave, Fairhope, Alabama 36532, in Baldwin County. Situated in Fairhope's historic downtown business district, this Class A establishment boasts 3,416 square feet of net rentable space within a two-story building (1904 construction, renovated in 2004) on a 4,312 square foot lot. The property is zoned B2 and operates under a NNN lease with two years remaining. Currently enjoying 100% occupancy, this single-unit business offers a compelling investment opportunity with a sale price of $199,000 ($58.26 per square foot). The business is thriving and growing, making it an attractive prospect for an experienced restaurateur. Detailed financial information is available upon request and execution of a non-disclosure agreement. This sale is for the business only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairhope
- County
- Baldwin
- State
- Alabama
- Longitude
- -87.9044
- Latitude
- 30.5233
- CBSA code
- 19300
- CBSA name
- DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA
