FAIRHOPE RESTAURANT

Retail-Commercial for Sale
Catylist Listing ID: 30452494
Property Subtypes: Restaurant
Building Size (RSF): 3,250 SF
Sale Price: $675,000
Unit Price: $207.69 PSF
Ceiling: 8 ft.
Property Use Type: Business
Usable Size (USF): 3,250 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2019

Overview / Comments

Iconic Fairhope Restaurant property is now available. Located on the Fairhope Municipal Pier, the property provides a great opportunity to own a landmark waterfront restaurant in Fairhope, Alabama. The building is being sold with all furniture, fixtures, & equipment. The building consists of approximately 3,250 sf within the 1.5 story structure. The main floor includes a gift shop, dining areas, bar, restroom, and commercial kitchen. The upper floor consists of office and storage space. The property is subject to a long-term lease with the City of Fairhope. The lease rate is based upon 3% of gross sales.

Attachments & Media

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Tax ID/APN: 05-46-03-37-0-602-001.504
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Good
Largest Nearby Street: Fairhope Avenue
Site Description: The property is positioned on Fairhope Municipal Pier on Mobile Bay
Area Description: Fairhope is a quaint town, located on the Eastern Shore of Mobile Bay. The Downtown area, waterfront parks, and municipal pier are tourist attractions.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 15
Property Condition: Good
Year Built: 1975
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Wood siding / pile supported
Parking Type: Surface
Parking Description: Free parking at the adjacent city park
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit, Other
Interior Description: Wood floors and ceilings. Main level consists of approximately 2,750 sf - 2 dining areas (including an enclosed / conditioned deck), bar area, gift shop, restroom & kitchen. Upper level is storage and office space.
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: Access is via the Fairhope Municipal Pier
Land Ownership: City of Fairhope

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,358 13,274 31,182
Median Age: 47.47 46.47 43.16
Households: 1,097 5,981 12,679
The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.