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2nd Gen Restaurant space near Dwn Fairhope 18874 Section St 5,050 SF Retail Building Fairhope, AL 36532 $2,800,000 ($554.46/SF)
Executive Summary
18874 South Section St, Fairhope, AL 36532
Investment opportunity featuring the current home of DragonFly Foodbar. This property is being offered as a True NNN Lease investment, with the tenant responsible for all taxes, insurance, maintenance, and roof, providing a hands-off ownership structure for investors.
The property consists of three parcels totaling approximately 2.5 acres, identified by PPINs 696, 67545, and 107350. DragonFly Foodbar is an established local business and will remain in place with multiple years remaining on their lease, providing immediate income to a new owner.
One of the listing agents is the property owner and is a licensed real estate agent in the State of Alabama. Buyer to verify all information during the due diligence process.
Investment opportunity featuring the current home of DragonFly Foodbar. This property is being offered as a True NNN Lease investment, with the tenant responsible for all taxes, insurance, maintenance, and roof, providing a hands-off ownership structure for investors.
The property consists of three parcels totaling approximately 2.5 acres, identified by PPINs 696, 67545, and 107350. DragonFly Foodbar is an established local business and will remain in place with multiple years remaining on their lease, providing immediate income to a new owner.
One of the listing agents is the property owner and is a licensed real estate agent in the State of Alabama. Buyer to verify all information during the due diligence process.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,050 SF
Building Class
C
Year Built/Renovated
1975/2021
Price
$2,800,000
Price Per SF
$554.46
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.87 AC
Parking
6 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Accent Lighting
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-09-29-0-000-046.000 | Improvements Assessment | $110,160 |
| Land Assessment | $6,260 | Total Assessment | $116,420 |
Property Taxes
Parcel Number
46-09-29-0-000-046.000
Land Assessment
$6,260
Improvements Assessment
$110,160
Total Assessment
$116,420
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2nd Gen Restaurant space near Dwn Fairhope | 18874 Section St