Active
101 Avenue
Fairhope AL, 36532
$1,250,000
$561.55 per sqft
Active
3 Beds
2 Baths
2,226 sqft
Residential
Built in 1910
Unlock the investment potential of a historic gem in the heart of Fairhope, Alabama. Presenting an unparalleled opportunity, this iconic property, dating back to 1910, is now on the market for investors with a keen eye for prime real estate. Strategically positioned on nearly half an acre and zoned B3B, the estate is mere steps from Fairhope Pier and the vibrant downtown district, positioning it as a premier investment in Fairhope's thriving real estate landscape. Situated at the sought-after crossroads of Fairhope Avenue and Bayview Street, this two-story residence is surrounded by lush, mature trees, offering an oasis of tranquility within a bustling urban setting.The property boasts a meticulously renovated 1BR/1BTH guest cottage within its expansive double lot, presenting a unique blend of residential charm and commercial viability. With its flexible B3B zoning, the estate is perfectly suited for a variety of uses, including single and multi-family dwellings, mixed-use developments, professional offices, retail spaces, and hospitality ventures such as hotels, motels, restaurants, and bars. This zoning also opens the door to profitable short-term rental ventures, further elevating its attractiveness in the dynamic Fairhope market.This exceptional property represents a rare investment in downtown Fairhope's storied past and bright future. Investors are encouraged to perform thorough due diligence to fully understand the lucrative potential of this distinctive offering. Contact your preferred real estate professional for an in-depth exploration of this unmatched investment opportunity, where historical elegance converges with contemporary flexibility in one of Fairhope's most coveted locales. Buyer to verify all information during due diligence.
369738
MLSⓇ ID
October 25, 2024
Listed
November 22, 2024
Updated
Map
101 Avenue
Fairhope AL, 36532
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Carpet, Tile, Wood, Laminate
Appliances
Other
Floor Description
Carpet, Tile, Wood, Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.41 Acres
Lot Features
Corner Lot
Architectual Style
Traditional
Roof
Composition
School Information
High School
Fairhope High
Elementary School
Fairhope West Elementary
Other Property Details
Taxes
$1,471
Tax Frequency
Annually
Garage
Yes
Garage Spaces
2
Parking
Detached
Parking Total
2
View
No
County
Baldwin
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/20/2024 | Price change | $1,250,000 -11% |
11/15/2024 | Active | — |
11/13/2024 | Under contract | — |
Courtesy of Mobile Bay Realty, Judd Gillespie
Listing Contact: Main: 251-230-7555
The data relating to real estate for sale on this web site comes in part from the Baldwin County Association of REALTORS. Real estate listings held by brokerage firms other than Bo Nichols are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bo Nichols shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
The data on this page was last updated on 11/22/2024.
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