152 N Section St - Storefront Retail/Residential FOR SALE


Fairhope, AL 36532
$4,500,000 USD
251-605-1316
152 N Section St, Fairhope, AL for Sale
$4,500,000 USD
Storefront Retail/Residential - FOR SALE
1/77
null | Request Cap Rate

152 N Section St
Fairhope, AL 36532


OVERVIEW

Rare opportunity – 7188 SF heated/cooled, plus 2701 SF rooftop terrace, front terrace, triple garage and abundant storage. This property has BOTH residential and commercial space. Prime location in the heart of downtown Fairhope. Steps away from boutique shopping, gourmet dining, coffee shops, entertainment, the Art Center, and a short walk to the picturesque Fairhope Pier. Exceptional B-2 mixed-use building, completed in 2019, seamlessly integrates commercial and residential spaces with a stunning design and top-tier construction. The property features ICF fortified construction including all storm windows and doors. Sophisticated architectural style with clean lines, abundant natural light, a striking parapet front and a private arched porte-cochere driveway/courtyard entrance. The second level offers 4000+ square feet of luxurious living space, including 3 spacious bedrooms, 3.5 elegant bathrooms, and an elevator. The private residence is thoughtfully designed with two separate entrances, providing added privacy and convenience. The expansive layout includes a gourmet eat-in kitchen, marble countertops, high-end Wolf and Sub-Zero appliances, custom cabinetry, wine bar and coffee room. Adjacent to the kitchen, the keeping room enhances your living experience, while the formal dining room, living room, and sitting room, complete with a whole-house sound system and motorized blinds, provide perfect settings for entertaining or relaxing. The master suite is a luxurious retreat, featuring a spa-like bathroom with a walk-in steam shower, dual vanities, and a generously sized walk-in closet with lots of built-ins. Guest bedrooms come with en suite bathrooms for added comfort. A cozy TV sitting area at the top of the rear staircase offers a tranquil spot to unwind. The rooftop terrace is 1200+ SF and ideal for entertaining. The front terrace offers prime views of the Mardi Gras parade route and the Arts & Crafts festival. The 3,000+ SF commercial space is on the street level and is currently leased. This space offers flexibility to convert into two distinct units, with separate utilities already in place and proximity to the City Hall parking. All information deemed reliable and accurate. Buyer to verify all information during due diligence.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$626 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

B-2

APN/PARCEL ID

46-03-37-0-007-068.514

ASK ABOUT THIS PROPERTY

Jaime Cooper TeamEXIT Realty Lyon, FairhopeMore Info
251-605-1316

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Jaime Cooper TeamEXIT Realty Lyon, FairhopeMore Info
251-605-1316

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.