LUXURY PORTFOLIO

$1,150,000

Add To Compare

314 MAGNOLIA AVENUE Fairhope, AL 36532

314 MAGNOLIA AVENUE Fairhope, AL 36532 2677 sqft
Status: Active MLS# 618948 Property Type: Commercial
Click Here For Property Tour

Description for 314 MAGNOLIA AVENUE, Fairhope, AL 36532

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.

Customer Care
251-344-9220 Contact us

We're here to help you 7 days a week

Send




Information for 314 MAGNOLIA AVENUE, Fairhope, AL 36532
Listing Information
  • Property Type: Commercial
  • Bathrooms: 0 Full, 0 Half
  • Square Footage: 2677 (approx)
  • Subdivision: NONE
  • Utilities: Gas
  • Water: At Site
  • Sewer: At Site
Interior Features
  • Square Footage: 2677
  • Cooling: Central
  • Heating: Central VAC,Electric
Exterior Features
  • Parking: On Site,On Street
Lot Features
  • Zoning: B2
  • Adtl Ext/Lot Feat: , ,
Demographics for 314 MAGNOLIA AVENUE, Fairhope, AL 36532
Population
Total Population 28535
Percent Change 68
Married 14577
Household with Children 3586
People per Household 2
Median Age 41.32
 
Housing
Dwelling Age 19
Median Yrs in Res 3
Vacant Dwellings 2476
Owner Occupied Dwellings 8766
Rentals 3407
 
Education
Educational Climate 4
4 Yr College 4237
Some College 4100
Income Assets Economy
Median household income 53080
Median Household Net Worth 0
Sales Tax Rate 6
Median Home Average Sale Price 213000
Median Mortgage Debt 65522
White Collar 77.21
Blue Collar 22.79
Average Total Household Expenditure 52491
Weather
Average January High Temperature 60.4
Average January Low Temperature 39.9
Average July High 90.2
Average July Low Temperature 72.7
Annual Precipitation 67.71
Air Pollution Index 86

Neighborhood content provided by © Onboard Informatics. Information is deemed reliable but not guaranteed.
School Information for 314 MAGNOLIA AVENUE, Fairhope, AL 36532
School Name Location Address Zip Code Phone Number Website
FAIRHOPE INTERMEDIATE SCHOOL 2 N BISHOP RD 36532-3657 251-928-7841 Website
FAIRHOPE PRIMARY SCHOOL 408 N SECTION ST 36532-2633 251-928-8400 Website
J LARRY NEWTON SCHOOL 9761 COUNTY ROAD 32 36532-5030 251-990-3858 Website
FAIRHOPE HIGH SCHOOL 1 PIRATE DR 36532-7085 251-928-8309 Website
FAIRHOPE MIDDLE SCHOOL 2 PIRATE DR 36532-7650 251-928-2573 Website
M JOHNSON SCHOOL OF ORGANIC EDUCATION 8 MARIETTA DR 36532-1653 251-928-9347
FAIRHOPE MIDDLE SCHOOL 408 N SECTION ST 36532-2695 251-928-2573 Website
BAYSHORE CHRISTIAN SCHOOL 23050 US HIGHWAY 98 36532-3370 251-929-0011
J LARRY NEWTON SCHOOL 9761 COUNTY ROAD 32 36532-5030 251-990-3858 Website
MARIETTA JOHNSON SCHOOL OF ORGANIC EDUCATION 8 MARIETTA DR 36532-1653 251-928-9347
BALDWIN COUNTY ALTERNATIVE SCHOOL 6925 TWIN BEECH RD 36532-6928 251-928-5172 Website
FAIRHOPE ELEMENTARY SCHOOL 2 N BISHOP RD 36532-3657 251-928-8400 Website
FAIRHOPE K - 1 CENTER 100 S CHURCH ST 36532-2308 251-928-7011 Website
FAIRHOPE HIGH SCHOOL 18800 GREENO RD 36532 251-928-8309 Website
FAIRHOPE K-1 CENTER 100 S CHURCH ST 36532-2308 251-928-7011 Website
EASTERN SHORE EARLY CHILDHOOD 1090 FAIRHOPE AVE 36532-3600 251-928-3449
FAIRHOPE INTERMEDIATE SCHOOL 1101 FAIRHOPE AVE 36532-2961 251-928-7841 Website

(Information is reliable but not guaranteed, schools that you qualify for may differ significantly from results)

Loan Type 5 Year ARM 10 Year ARM 15 Year Fixed 30 Year Fixed
Interest Rate 2.750% 2.960% 3.180% 4.220%
Monthly Mortgage Amount
Monthly Mortgage Insurance
Monthly Estimated RE Taxes
Monthly Estimated Total
Location for 314 MAGNOLIA AVENUE, Fairhope, AL 36532

Drive direction to 314 MAGNOLIA AVENUE, Fairhope, AL 36532

The data relating to real estate on this website comes in part from the IDX Program of the Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Roberts Brothers REALTORS are governed by the GCMLS Rules and Regulations and detailed information about them includes the name of the listing companies.
IDX

Listing Provided Courtesy of: COLDWELL BANKER/REEHL PROPERTIES-FAIRHOPE
Listed by: AUTUMN GANN
Information is deemed reliable but is not guaranteed. 2018 Orange Beach/Gulf Shores MLS/Mobile Association of Realtors. All rights reserved. DISCLAIMER: Data updated as of: 10/18/2018