701 S Mobile Street, Fairhope, AL

$5,500,000

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0.81

Acres

About 701 S Mobile Street

Across from the Mobile Bay in downtown Fairhope sits the old Magnolia Inn, now known as Baron's Inn, and this property is NOW for sale. There are a total of seven (7) parcels for sale, and all properties are being sold together. This is a 24-unit Hotel with 3 Residential houses and 3 Commercial lots. With approx. 9900 +/- sq. ft. of Motel space, with some ingenuity you can create a Motel that is once again a Fairhope destination for families and visitors to the Gulf Coast region. Main building has multi-levels with rooms up and down as well as separate cottages & properties that are being sold together. PPIN 6696, zoned B3A: Property #1 - 701 S Mobile Street, The Baron Inn, is 9840 sq. ft. with 35,153 sq. ft of land. PPIN 33005, Zoned B3A: Property #2 - 26 Laurel Street is 1435 sq. ft. with 23,435 sq. ft of land. PPIN 5846, Zoned R2: Property #3 - 709 S. Mobile Street is 768 sq. ft. with 15,856 sq. ft of land. PPIN 84300, Zoned R2: Property #4 with no address has 4,748 sq. ft. of land. PPIN 33014, Zoned B3A: Property #5 - 0 Satsuma has 10,541 sq. ft. of land. PPIN 33034, Zoned R2: Property #6 - 100 Laurel Street has 1194 sq. ft. with 16,074 sq. ft of land. PPIN 636266. Property 7 - is vacant parcel measuring 18.4 x 50.6 x 52.8. Buyer to verify all information to satisfaction during contingency period(s). Buyer to verify all information during due diligence.

Features of 701 S Mobile Street

MLS® # 390130
Price $5,500,000
Acres 0.81
Year Built 1952
Type Commercial Sale
Sub-Type Hotel/Motel
Status Pending

Community Information

Address 701 S Mobile Street
Area Fairhope 2
Subdivision AL
City Fairhope
County Baldwin
State AL
Zip Code 36532

Amenities

Utilities See Remarks
Parking Parking Lot
View Water
Is Waterfront No
Has Pool No

Interior

Heating Central
Cooling Central Air
Fireplace No
Stories Two
Has Basement No

Exterior

Lot Description See Remarks
Construction Resale
Foundation Slab

Additional Information

Zoning Business/Commercial
Foreclosure No
Short Sale No

Listing Map

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