Property Description

Mixed-use property consisting of two main buildings in the heart of Downtown Fairhope. Total building area: 5,227 SF.The front building (±2,962 SF) consists of three suites:? Suite A (Ground Floor ? 1,488 SF): Retail/office space currently operating as an Italian cooking school under a multi-year NNN lease. Two (2) reserved parking spaces.? Suite B (Second Floor ? Left unit facing building ? 737 SF): 1 bed / 1 bath residential condo with private balcony. Two (2) reserved parking spaces.? Suite C (Second Floor ? Right unit facing building ? 737 SF): 1 bed / 1 bath residential condo with private balcony. One (1) reserved parking space.All five parking spaces for the front building are located behind the building and marked with signage.The second building is ±2,265 SF and is currently occupied by a long-standing local restaurant. Two (2) reserved parking spaces are allocated to the restaurant. Property also includes an outdoor patio area.Annual property taxes: $10,954Estimated annual insurance: $7,000Stabilized, income-producing asset in a premier Baldwin County location. Financials available upon request.Listing information deemed accurate, but not guaranteed. Buyer to verify all information to satisfaction during contingency period(s). Buyer to verify all information during due diligence.

Property Features