9960 Fairhope AveFairhope, AL 36532

Property Details for 9960 Fairhope Ave

Year built

2008

Lot size

0.50 AC

Property size (Sq ft)

2,350 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

46-05-15-0-000-003.588

APU

4605150000003588

Description

This exceptional commercial property, located at 9960 Fairhope Ave, Fairhope, AL 36532, presents a unique investment opportunity. The 2,350 square foot building, classified as Class B, sits on two lots (PPIN: 202636 and 307992) and is situated on State Highway 181 and Fairhope Avenue/County Rd 48, ensuring high visibility and accessibility. Previously a car wash, the building offers versatile potential for repurposing into various commercial ventures, including restaurants, offices, or retail businesses. The existing layout includes two drive-thru lanes, ideal for businesses requiring this service. The asking price is $649,000, translating to $276.17 per square foot. The property is under a ground lease. Its strategic location next to a busy gas station guarantees high traffic volume. The existing car wash equipment can be removed to accommodate the new owner's specific needs. This property offers ample space for expansion or additional parking, making it an attractive investment in a thriving commercial area. The property is ready for immediate occupancy and offers significant potential for high returns.

• CAP approach

  CAP return

  Valuation

  6%

  $467,859

  6.5%

  $431,870

  7%

  $401,022

• Comparable approach

  Method

  Valuation

  Relative Method

  $400,812

  Geo Method

  $420,995

• Alternative Use

  Use

  Valuation

  Residential

  $364,298

  Hospitality

  $333,695

  Educational

  $277,631

  Medical

  $287,179

  Retail

  $431,870

Location Insight

City

Fairhope

County

Baldwin

State

Alabama

Latitude

30.5232

Longitude

-87.8533

CBSA code

19300

CBSA name

DAPHNE-FAIRHOPE, AL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].