Fairhope Historic Redevelopment
301 Fairhope Avenue, Fairhope, AL 36532
Out of State Owner Orders Immediate Sale
ONLINE BIDDING March 24 - 29
Details: 301 Fairhope Avenue (corner Church Street) is a 12,240 square foot, 2 story commercial building built in 1922. This historic building was formerly utilized as People’s Cooperative General Merchandise Store, Bill’s Dollar Store, Piggly Wiggly Grocery Store, and most recently Fairhope Hardware. The building is located about 4 blocks from the eastern shore of Mobile Bay in an area of boutique shops, restaurants, and commercial businesses. It is adjacent to the Fairhope Municipal Parking Deck. The property offers historic tax credits. Perfect property for redevelopment into retail, residential, or hotel.
**The property is subject to a 99-year lease with the Fairhope Single Tax Corporation.
Land Size: 8750 SF - 70' x 125'
Zoning: B-2 General Business District
Legal: The West 70 feet of the South 125 feet of lot 1 of Block 7, Division 1, of the Land of Lessor in the City of Fairhope, Alabama as per its plat thereof filed for record Sept. 13, 1911, in the Judge of Probate’s Office, Baldwin County, Alabama
Open House/Inspection: Contact SVN Gilmore for showing times
Terms: 10% deposit, cash sale, close in 30 days, 10% buyer’s premium added to final bid, with reserve. $5000 bid deposit required.
In cooperation with Justin Toomey, SVN Toomey Property Advisors.