85 N Bancroft St

Fairhope, AL 36532 | Other

$2,850,000

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0
0 acres

Listing Courtesy of

Morgan Ashurst

Description

Incredible Opportunity in Downtown Fairhope to own an Income Producing and Event Venue. THE MILL Fairhope?s only Food Hall Bar and Event Venue space. The Mill provides a unique dining experience featuring multiple local chefs a large bar indoor seating and three patios for outdoor seating. The building occupies 3 incredible restaurants full service bar for locals as well as for events and a bakery. There is +/-4500 sqft of interior and +/-4300 sqft of exterior entertaining space with a max capacity of 500. The owner has made this a turn key investment. The upside of the Mill is unlimited so this is a great opportunity to own a piece of downtown Fairhope.

Property Details

Property Type Special Purpose Status Active MLS # 30798966

structure

Total Baths 0 cooling Package Unit interior features open food hall with 3 restaurants bar and seating parking features On Street Parking stories 1 stories total 1

characteristics

frontage type 89 lot size units acres # of Buildings 1

tax

parcel number 05-46-03-37-0-701-002.503 zoning ENTERTAINMENT DISTRICT

financial

cap rate 7.5

contract

listing terms Cash to Seller

compensation

Buyer Agency Comp. 3%


Map

The buyer agent compensation offered only applies to participants and data share participants of the Gulf Coast CMLS.