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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