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9837 Hwy 98
Fairhope, AL 36532
Retail Property For Sale
EXECUTIVE SUMMARY
Herrington Realty is pleased to present an exclusive opportunity to
purchase a +-5000 SF Fully Leased Retail Strip Center in Fairhope, AL.
The property is just off Highway 98 and has high visibility and traffic off
Hwy 98. The retail center is currently fully leased with 4 units. Each
unit is 1250 SF and each tenant is currently occupying 2 units for a total
of 2,500 each and leases for $2,500 per month gross. The property
comes with 8.9 acres with almost +-1,400 feet of Frontage on Hwy 98
just off the intersection of Mary Ann Beach Road.
purchase a +-5000 SF Fully Leased Retail Strip Center in Fairhope, AL.
The property is just off Highway 98 and has high visibility and traffic off
Hwy 98. The retail center is currently fully leased with 4 units. Each
unit is 1250 SF and each tenant is currently occupying 2 units for a total
of 2,500 each and leases for $2,500 per month gross. The property
comes with 8.9 acres with almost +-1,400 feet of Frontage on Hwy 98
just off the intersection of Mary Ann Beach Road.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,474 SF
Building Class
B
Year Built
2004
Price
$1,860,030 CAD
Price Per SF
$339.79 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.01
Lot Size
8.90 AC
Zoning
Commercial
Parking
40 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
196’ on 98 Hwy
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 56-05-22-0-000-018.001 | Improvements Assessment | $197,019 CAD |
| Land Assessment | $96,945 CAD | Total Assessment | $293,963 CAD |
PROPERTY TAXES
Parcel Number
56-05-22-0-000-018.001
Land Assessment
$96,945 CAD
Improvements Assessment
$197,019 CAD
Total Assessment
$293,963 CAD
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