11575 Co Rd 48, Fairhope, AL 36532

Commercial property for lease

• Description
• This is an incredible prime 7 acre property and it has tremendous potential. The 7 acres includes 417 feet fronting on County Road 48, The main house was built around 1980 and has been updated and nicely remodeled. The main house has approximately 2,330 sq ft and includes a very nice den enclosure (16 x 32 feet). The main house has central heat and ac. The heat is natural gas. The den has a window heat and cool unit. There are 3 bedrooms and 2 full baths. There is a very nice partially covered open deck on the back side of house.There is a two car garage with two electric garage doors. The garage was built as a storm shelter.Behind the main house is an enclosed barn, approximately 60 x 65. There is a 16 x 8 roll up door.There is a small one bedroom one bath apartment. The apartment is approximately 16 x 32.There is a Mobile Home with 2 bedrooms and 2 baths as well. The Mobile Home received a new roof in 2016.There is a very nice office building. This building could be converted into a rental house as well. This building will need a septic tank, re-plumbing to eliminate polybutylene and finish out bathrooms. Currently the two bathrooms have a toilet and sink only.Further back on the property is a large rental unit approximately 1500 sq ft. This unit is 3 bedrooms with 1 bath and has both a bathtub and a walk in shower.Fronting the side street, Rachel Myers Lane, are Mobile Homes. One of the Mobile Homes has 3 bedrooms and 2 baths. A second Mobile Home has 3 bedrooms and 1 bath. The Mobile Home has 2 bedrooms and 2 baths. The Mobile Homes have been very well taken care of by the Seller.The remaining 11 - 12 +/- acres are cleared and partially fenced, farm land, and are to the back side of the property. The additional undeveloped land can be purchased for the additional sum of $290,000.There is an ingress/egress on the back side of the farm land allowing a property owner access to a 3 acre parcel of land on the north east corner of subject property. This access is included in the current owners deed.In total there are currently 6 rental units on the property consisting of 4 Mobile Homes and 2 apartments. The current rental units (6 units total) produce $3,820 in rental. The office building with some renovation can become a nice rental house. In addition, the main house could become a rental home or continue to serve as primary residence for the new owner. All of the existing rental units include both a stove and refrigerator. Otherwise, all properties are being sold unfurnished. There is great opportunity to add additional rental Mobile Homes or houses. Still there is the undeveloped land to the back side of property with abundant opportunities for development as well.This property is on County Road 48 at the intersection with County Road 33. The property is only 1 1/2 miles from the Fairhope WalMart. The property is only 4.5 miles from the heart of Fairhope at the intersection of Fairhope Ave and Section St.The Guardian Generator at the main house will not be included in the sale of this property. All rental units except for the small apartment are responsible for their own power. Water is included with all rental units. A dumpster is located on the property for disposal of the tenants trash and garbage.There is a corner lot at Rachel Myers Lane and County Road 48 that is not included in this listing. This is at the southwest corner of subject property. Any and all dimensions and information deemed to be important should be verified and/or confirmed by buyer and/or buyer's agent.View the attached Bishop County Rd 48 Parcel Viewer to see the properties, shapes and dimensions of the land. The Parcels offered for sale include three parcels and are identified on the Parcel Viewer as # 10, # 11 and a 1 acre parcel fronting Rachel Meyers Lane identified on the Parcel Viewer as # 10.003. The main house is located in parcel # 11 and fronts County Road 48.
• Contact info
• Ron Wallace

  Keller Williams Realty Alabama Gulf Coast
• Note

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