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212 Fairhope Ave 2,613 SF 100% Leased Retail Building Fairhope, AL 36532 $1,600,000 ($612.32/SF) 5.85% Cap Rate
Executive Summary
Extremely rare opportunity to purchase a historic commercial building in the Central Business District of Downtown Fairhope, Alabama, the oldest single tax colony in the United States, and one of the fastest growing areas in the entire country.
Nestled in the heart of this picturesque coastal town on the Eastern Shore of Mobile Bay, near one of the main intersections of the tree-lined avenue, this property offers the perfect blend of historic charm with 2,600+ square feet of interior space, massive window displays on the avenue, and a beautiful white brick facade, steps away from local boutiques, premiere art galleries, fine dining, and the iconic Fairhope Pier.
In 2023, the Alabama Department of Tourism recorded 8.4 Million visitors in Baldwin County, with $7.9B in revenue generated.
-100% LEASED THROUGH 2030
-Modified gross leases
-Suite A(retail/bar/restaurant): ~1600 sqft
-Suite B(professional office): ~1000 sqft
-Patio space on the front and side
-Zoned B-2 General Business
-Historic Property- Registered with the Baldwin County Historic Development Commission
-Fairhope Single Tax Property
-Fully modernized in 2025
-Updated HVAC
-New roof- 2015 and 2025
-Suite B gut renovation completed 2025
Call Daniel Whitworth for more information: (251)-223-2614
Nestled in the heart of this picturesque coastal town on the Eastern Shore of Mobile Bay, near one of the main intersections of the tree-lined avenue, this property offers the perfect blend of historic charm with 2,600+ square feet of interior space, massive window displays on the avenue, and a beautiful white brick facade, steps away from local boutiques, premiere art galleries, fine dining, and the iconic Fairhope Pier.
In 2023, the Alabama Department of Tourism recorded 8.4 Million visitors in Baldwin County, with $7.9B in revenue generated.
-100% LEASED THROUGH 2030
-Modified gross leases
-Suite A(retail/bar/restaurant): ~1600 sqft
-Suite B(professional office): ~1000 sqft
-Patio space on the front and side
-Zoned B-2 General Business
-Historic Property- Registered with the Baldwin County Historic Development Commission
-Fairhope Single Tax Property
-Fully modernized in 2025
-Updated HVAC
-New roof- 2015 and 2025
-Suite B gut renovation completed 2025
Call Daniel Whitworth for more information: (251)-223-2614
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,613 SF
Building Class
B
Year Built/Renovated
1949/2025
Price
$1,600,000
Price Per SF
$612.32
Cap Rate
5.85%
NOI
$93,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Lot Size
0.08 AC
Zoning
B-2 - General Business
Frontage
25’ on Fairhope Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Fairhope Pins & Pints
- Arts, Entertainment, and Recreation
- -
- -
- -
- Tex AR Bama Barbeque
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Fairhope Pins & Pints | Arts, Entertainment, and Recreation | - | - | - | ||
| Tex AR Bama Barbeque | Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-03-37-0-602-001.507 | Improvements Assessment | $18,440 |
| Land Assessment | $51,700 | Total Assessment | $70,140 |
Property Taxes
Parcel Number
46-03-37-0-602-001.507
Land Assessment
$51,700
Improvements Assessment
$18,440
Total Assessment
$70,140
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Presented by
Carrie Fitts Real Estate FH
212 Fairhope Ave
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