20800 St Hwy 181 is just north of Fairhope Ave on the East side. One half mile from a new Aldi and a Walmart Superstore. Hwy 181 is the direct line north to I-10 and south to Hwy 98. This property is 2 acres with a 4700 sqft building for storing pecans, etc, with a small office. Property is leased from the Fairhope Single Tax Corporation.
Great investment opportunity in the heart of Fairhope. Two buildings on property.
Back building has a total of 6286 sq ft; 4300 SF of open warehouse, 1,100 SF of office (5 offices, 3 bathrooms, and a conference room), and 886 SF of mezzanine storage space. Existing tenant in place that just finished a 3 year initial term and just exercised the 1st of two, two year options. The front building (totaling 7591 SF) consists of 2409 SF of warehouse in the center with 2 roll up doors, and 2591 SF of office space on each end of the building (2 floors). There are 4 short term, furnished rentals spaces (each with a full bathroom) on site. There are multiple other tenants on site occupying individual office suites. Current owner will entertain a lease back. Property is zoned M1. Owner collects all rents and manages tenant activity on their own.
This well positioned office / warehouse complex is ideally suited for a contractor who needs office space with inside and outside storage options. It is currently divided into individual offices and warehouse units but could be combined as well. This property provides limitless options for a user or investor or even a investor/user.
Located on highly traveled Ala-181 just south of Ala-104 near the new USA Health Mapp campus, a new Publix development and countless new and existing residential units. Property features include:
• +/- 1.30 Acres
• +/- 5,120 SF of warehouse divided into 8 - 16' x 40' units
• +/- 2,200 SF of Office
• 2 +/- 14,000 SF compacted and fenced storage yards
• Existing short term office and warehouse tenants
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