23782 Main Street #A, Fairhope, AL 36532 (MLS # 7678639)

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PRICE $875,000 BEDS 9 BATHS 12 HOME SIZE 12,216 sqft LOT SIZE 3.05 ac Request More Info Schedule a Showing

Welcome to a rare opportunity to own over 3 acres in the highly desirable Fairhope/Montrose area along scenic Highway 98, Main Street. This beautiful property is just a short walk to historic Steadman's Landing, where you can enjoy peaceful walks on the fishing pier, take in stunning Mobile Bay views, or relax while watching the sunset. Conveniently located minutes from downtown Fairhope and a short drive to Daphne and I-10. A rear entrance is accessible from 2nd Street and Graham Street.Owned by the same family for generations, this versatile property is ready for its next chapter. Shaded by mature oak trees and offering privacy from the main road, the two-story home was built in 1995 and features nearly 12,000 sq. ft. Designed to accommodate multiple residents, it includes separate living areas, kitchens, bathrooms, and entrances. Currently operating under a long-standing business license (over 20 years) and zoned RSF-2 with a tourist camp designation, the property generates approximately $5,800 per month in rental income.The second floor has some areas that are unfinished, offering the opportunity for the next owner to complete the floor plan based on their requirements. This could serve as additional living space, bedrooms, an entertainment or theater room, or office space. The separate pool house adds even more value with 3 bedrooms, 1 bath, and a screened sun porch spanning over 50 feet. An in-ground pool enhances the property's appeal.While the property requires some TLC and updates to restore it to its full potential, the possibilities are endless"”continue as an income property, renovate into a private estate, or explore subdividing (with county approval) for multiple home sites. All upgrades per seller; square footage not guaranteed. Home sold "as is, where is." 24-48 hours' notice required due to tenants. Don't miss this incredible opportunity! Buyer to verify all information during due diligence.