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37
Photos
101 Fairhope Avenue, Fairhope, AL 36532
$1,397,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
2,226
sqft
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.
Features & Amenities
Interior
- Master Bedroom:
- Second
- Appliances:
- Other
- Flooring:
- Carpet, Tile, Wood, Laminate
- A/C:
- true, Central Electric (Cool)
- Heating:
- true, Central
- Fireplace:
- Fireplaces: 0
Exterior
- Style:
- Traditional
- Parking:
- Detached, Double Garage, Parking spaces: 2
Construction
- Roofing:
- Composition
- General:
- Wood Siding, Two, Pillar/Post/Pier
Location
- Golf:
- None
- Originating MLS:
- Baldwin County
- County:
- Baldwin
Lot
- Zoning:
- 132 X 132 IMP ON LOT 2 AND 3 BLOCK 9 DIV 1 FST FAIRHOPE SI NGLE TAX CORP LANDS GR SEC 37-T6S-R2E (WB, 4603370006038.511
- View:
- None/Not Applicable
- Fencing:
- Fenced
Utilities
- Utilities:
- Fairhope Utilities
Financial
- Source:
- Baldwin County
- Ownership:
- Leasehold
This listing courtesy of:
Mobile Bay Realty, Judd Gillespie
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Fairhope, AL
Housing
- Number of Units
- 19,154
- Median Home Value
- $318,015
- Median Rent
- $1,021
16.22% of housing units are renter occupied.
10.34% are vacant.
Commute
- Car
-
67.35%
- Public Transportation
-
0.09%
- Walk to Work
-
0.58%
- Work from Home
-
30.26%
- Other
-
1.53%
The median travel time to work is 18 minutes.
People
- Population
- 41,114
- Median Age
- 45.30
- Median Household Size
- 2.72
Education
- High School
-
18.56%
- Associate’s Degree
-
8.59%
- Bachelor’s Degree
-
30.24%
- Graduate Degree
-
17.85%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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