314 Magnolia Avenue

    Fairhope, AL 36532
    • $1,150,000
    • STATUS: Active
    • ON SITE: 269 days
    • MLS #: 618948
    UPDATED: 33 min ago
    $1,150,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,677
      SQFT
    • $430
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Seemingly endless possibilities!!! This is a unique opportunity to own a mixed-use building in the Central Business District of Fairhope. The existing building sits near the back of the lot leaving plenty of room to build an additional building on the North side of the lot. The building is currently set up to have 4 different spaces and has had up to 4 different tenants at a time. The East & West office spaces downstairs share a common area. The downstairs East office is accessed through the red door on the front porch and has approximately 566 SF. The West office, accessed through the main front porch, is currently occupied and offers approximately 590 SF. The Back office (closest to the courtyard) is smaller at approximately 340 SF and has a small kitchenette and private restroom. The upstairs apartment or office space has a separate exterior entrance on the East side of the building. With renovations, the current flat roof would be a great outdoor deck. Upstairs has just over 800 SF and consists of 3 offices (or bedrooms), a full bathroom and a kitchenette with room for a small dining table. The interior staircase has been closed off, but it could easily be reopened to adjoin the two floors. The building is in need of some renovations, but it is full of history and possibilities. The attached survey (from 11/2016) shows the Magnolia Avenue frontage at 99.7' and 158' at the deepest part of the lot. The Seller has paid for professional tree service in the last few years to have the large Magnolia trees pruned and fertilized. The two large Magnolias and the oak trees lend to the character and charm of the property.The property backs up to the parking garage, has street front parking and private parking for several cars near the courtyard- a rare find to have all of these parking options in the CBD. The accessibility to the parking garage is a great asset to a larger business looking to come in to this space.Over the years the Seller has researched options with two different architects to renovate the space, possibly tear down the existing building and/or build an additional building on the front of the lot. No conclusions were ever reached to best optimize the large lot as there are so many options.

    Monthly Payment Calculator



    © 2019 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-06-16T08:37:41.397.

    Berkshire Hathaway HomeServices - Cooper & Co. Inc., REALTORS®
    www.mobilebayhomes.com/homes/87628661

    314 Magnolia Avenue Fairhope, AL 36532

    • Price: $1,150,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 618948
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,677
    SQFT
    $430
    $/SQFT
    Neighborhood:
    None
    County:
    Baldwin
    Area:
    Fairhope/Pointclear
    Property Description
    Seemingly endless possibilities!!! This is a unique opportunity to own a mixed-use building in the Central Business District of Fairhope. The existing building sits near the back of the lot leaving plenty of room to build an additional building on the North side of the lot. The building is currently set up to have 4 different spaces and has had up to 4 different tenants at a time. The East & West office spaces downstairs share a common area. The downstairs East office is accessed through the red door on the front porch and has approximately 566 SF. The West office, accessed through the main front porch, is currently occupied and offers approximately 590 SF. The Back office (closest to the courtyard) is smaller at approximately 340 SF and has a small kitchenette and private restroom. The upstairs apartment or office space has a separate exterior entrance on the East side of the building. With renovations, the current flat roof would be a great outdoor deck. Upstairs has just over 800 SF and consists of 3 offices (or bedrooms), a full bathroom and a kitchenette with room for a small dining table. The interior staircase has been closed off, but it could easily be reopened to adjoin the two floors. The building is in need of some renovations, but it is full of history and possibilities. The attached survey (from 11/2016) shows the Magnolia Avenue frontage at 99.7' and 158' at the deepest part of the lot. The Seller has paid for professional tree service in the last few years to have the large Magnolia trees pruned and fertilized. The two large Magnolias and the oak trees lend to the character and charm of the property.The property backs up to the parking garage, has street front parking and private parking for several cars near the courtyard- a rare find to have all of these parking options in the CBD. The accessibility to the parking garage is a great asset to a larger business looking to come in to this space.Over the years the Seller has researched options with two different architects to renovate the space, possibly tear down the existing building and/or build an additional building on the front of the lot. No conclusions were ever reached to best optimize the large lot as there are so many options.
    Exterior Features

    Parking OnstrOnsite Road Frontage City Waterfront Available No

    Interior Features

    Ceiling Height Low 92 Cooling Central Heating CentralElectric

    Property Features

    For Lease Yn No For Sale Yn Yes Frontfootage 99 Location City Prop Sub Type Apartment HouseOfficeRetail Sewer At Site Utilities Natgas Water At Site

    Listing courtesy of Autumn Gann of Coldwell Banker/Reehl Properties-Fairhope.


    © 2019 Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed or warranted and should be independently verified. The data relating to real estate for sale on this web site comes in part from the IDX/RETS Program of the Gulf Coast Multiple Listing Service, Inc. IDX/RETS real estate listings displayed which are held by other brokerage firms contain the name of the listing firm. The information being provided is for consumers' personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2019-06-16T08:37:41.397.

    Berkshire Hathaway HomeServices - Cooper & Co. Inc., REALTORS®
     
    Berkshire Hathaway HomeServices - Cooper & Co. Inc., REALTORS®
    Serving Your Real Estate Needs in
    Mobile AL,