115 Fairhope AveFairhope, AL 36532

Property Details for 115 Fairhope Ave

Year built

1910

Property size (Sq ft)

2,080 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This charming 2-story, 2,080 sq ft hotel in Fairhope, Alabama, presents a unique investment opportunity. Built in 1910 and renovated in 1952, this property boasts original flooring, antique windows, and historic light fixtures. Located on a double lot (.314 acres) in the heart of Fairhope, it's just two blocks from Mobile Bay and downtown, offering stunning sunset views and easy access to local amenities. The B-3 zoning allows for rental income and potential capital appreciation. The hotel features four bedrooms and three bathrooms, plus a separate upstairs apartment with a full kitchen, ideal for guests. The property also offers the potential to add a mother-in-law suite. The asking price is $899,999, with a price per square foot of $432.69. While the elevator is currently non-operational, it could be easily restored. All information should be verified by the buyer during due diligence. This property is a rare chance to own a piece of Fairhope's history and capitalize on its thriving tourism industry. The property is situated at 115 Fairhope Avenue, Fairhope, AL 36532, and is held under a Fee Simple Leasehold ownership. Directions are available upon request.

Location Insight

City

Fairhope

County

Baldwin

State

Alabama

Latitude

30.5233

Longitude

-87.9073

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