PORTICO

Retail-Commercial for Lease
Catylist Listing ID: 30054624
Property Subtypes: Mixed Use, Street Retail, Other
Building Status: Proposed
Contiguous Space: 1,232 - 5,924 SF
Total Available: 11,848 SF
Building Size (RSF): 5,924 SF
Gross Building Area: 11,848 SF
Gross Land Area: 3.50 Acres
Lease Rate: $24 PSF (Annual)
Base Monthly Rent: $2,464 - 11,848
Lease Types: NNN
Building Name: PORTICO
Usable Size (USF): 11,848 SF
Last Updated: 11/8/2017

Overview / Comments

PORTICO is an exciting new mixed-use development to be prominently positioned on over 500’ of frontage along Fairhope Avenue - the gateway to downtown Fairhope, Alabama. Within walking distance of great restaurants, boutiques, parks and services, PORTICO will ultimately consist of over 30,000 square feet of commercial space and 33 luxury residential condominiums. The architectural design and features of PORTICO will set a new standard of quality for the growing market, appealing to discriminating business owners and residents alike.
Pre-leasing of the Phase I commercial space fronting Fairhope Avenue is now underway. Suites ranging from 1,232 to 5,964 square feet are available. Delivery is anticipated by late 2018. Contact Jeff Barnes, Stirling Properties, at 251-975-8222, for more information about commercial leasing. For residential sales information, contact Morgan Ashurst, Ashurst & Niemeyer, at 251-583-5016.

COMMERCIAL SPACE AVAILABLE-PHASE I
Total Space Available
Building B: 5,964 ± SF
Building C: 5,964 ± SF
Base Rental Rate: $24.00 PSF
CAM, Taxes & Insurance: TBD
Anticipated Delivery Date: Winter 2018

Attachments & Media

Expand All 8 Spaces Available

Suite: B-1 1,730 SF $24 PSF (Annual) NNN
Suite: B-2 1,232 SF $24 PSF (Annual) NNN
Suite: B-3 1,232 SF $24 PSF (Annual) NNN
Suite: B-4 1,730 SF $24 PSF (Annual) NNN
Suite: C-1 1,730 SF $24 PSF (Annual) NNN
Suite: C-2 1,232 SF $24 PSF (Annual) NNN
Suite: C-3 1,232 SF $24 PSF (Annual) NNN
Suite: C-4 1,730 SF $24 PSF (Annual) NNN

Additional Details

Nearest MSA: Daphne-Fairhope-Foley
County: Baldwin
Taxing Authority: Baldwin County, AL / Fairhope
Tax ID/APN: 05-46-03-37-0-007-076.517
Zoning: MIXED-USE
Retail Clientele: General, Business, Tourist
Property Located Between: Fairhope Post Office
Property Visibility: Excellent
Largest Nearby Street: Fairhope Avenue
Highway Access: PORTICO is located approximately 7/10 mile from U.S. Highway 98
Airports: Fairhope Municipal Airport is located 5 miles from the site
Site Description: 3.5 acres, fronting Fairhope Ave
Area Description: Fairhope, AL is a trendy coastal town, positioned on the eastern shore of Mobile Bay. The bustling downtown area is home to numerous restaurants, boutiques, parks, schools, and services - all supported by both tourists and permanent residents.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 5,924 SF
Year Built: 2018
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: 2 story buildings, incorporating painted brick exterior and prominent finishes enhancing store front facades for commercial tenants.
Total Parking Spaces: 179
Parking Type: Surface
Parking Description: Parking will be located along Fairhope Avenue, as well as surface lots within the development. Parking to be shared with residential condos.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Commercial spaces to be delivered in a shell condition.
Zoning Description: Mixed-use
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,127 13,274 31,182
Median Age: 51.27 46.47 43.16
Households: 2,039 5,981 12,679

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