221 Fairhope AveFairhope, AL 36532

Property Details for 221 Fairhope Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

2,911 SF

Property type

Office properties

Property subtype

Office buildings

APN

46-03-37-0-601-003.502

APU

4603370601003502

Description

This exceptional 1,200 square foot executive office space is situated in the heart of downtown Fairhope, Alabama, at 221 Fairhope Avenue, zip code 36532. The property, identified by APN 05-46-03-37-0-601-003.502, is part of a larger one-story, 2,909 square foot building on a 9,200 square foot lot. Built in 1955 and extensively renovated in 2021, this Class B property offers a blend of classic charm and modern functionality. The space boasts a 9-foot ceiling height and includes a private bathroom, a private conference room, a reception area, and multiple office spaces, providing ample flexibility for customization. The layout allows for the potential creation of additional offices to suit specific business needs. Five parking spaces are available on the property, a rare amenity in the downtown Fairhope area. The building's prominent location on Fairhope Avenue provides excellent road frontage, ideal for business signage and visibility. The property is zoned B2 - GENERAL BUSINESS DISTRICT, within Baldwin County. This is a unique opportunity to secure a well-appointed office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $394,250

  6.5%

  $363,923

  7%

  $337,929

• Comparable approach

  Method

  Valuation

  Relative Method

  $197,022

  Geo Method

  $206,943

• Alternative Use

  Use

  Valuation

  Residential

  $451,265

  Hospitality

  $413,356

  Educational

  $343,908

  Medical

  $355,735

  Retail

  $534,967

Location Insight

City

Fairhope

County

Baldwin

State

Alabama

Latitude

30.5233

Longitude

-87.9052

CBSA code

19300

CBSA name

DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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