212 Fairhope Avenue, Fairhope, AL 36532-2316

I am pleased to present the exclusive offering of 212 Fairhope Avenue — a rare, fully-leased historic commercial property situated in the Central Business District of Downtown Fairhope, Alabama. Priced at $1,750,000, this investment offers stable, in-place cash flow secured through 2030 with minimal landlord responsibilities.

Downtown Fairhope is one of the Gulf Coast's most distinguished retail corridors, consistently ranked among the top small towns in the Southeast. The subject property is steps from boutiques, art galleries, fine dining establishments, and the beloved Fairhope Pier — benefiting from exceptional foot traffic in one of Baldwin County's highest-demand corridors.

This is a turn-key investment. Both suites underwent a full gut renovation in 2025, with modernized HVAC systems and a new roof, leaving the next owner with minimal near-term capital expenditure requirements.

Fairhope, Alabama is a picturesque city on the eastern shore of Mobile Bay within Baldwin County — one of the fastest-growing counties in the United States. Known for its vibrant arts community, independent retail culture, and a tree-lined downtown that draws visitors from across the region and beyond, Fairhope has established itself as a premier destination on the Gulf Coast.

Founded in 1894 as the oldest single-tax colony in the United States, Fairhope carries a distinctive civic identity that has attracted a highly educated, affluent, and civically engaged residential base. The downtown Central Business District, where 212 Fairhope Avenue is situated, serves as the commercial heart of the community and benefits from consistent foot traffic generated by year-round events, seasonal tourism, and a loyal local clientele.

212 Fairhope Avenue carries a rich and authentic local history that adds to its character and investment appeal. The building was constructed in 1949 and opened as the "Launder-Rite," a commercial laundry owned and operated by Jesse T. Burke. In 1950, Mr. Burke sold the business to his brother-in-law, Gavin Hunter, who continued operating it under the original name until 1960.

In 1960, Hunter renovated the building, added coin-operated machines, and rebranded as "Hunter's Quick Clean Coin Operated Laundry" — a fixture of the downtown community for years. The adjacent building at 214 Fairhope Avenue was historically occupied by W. M. Bagby's Sherwin-Williams paint store.

Today, the building has been fully modernized while retaining its iconic white brick exterior, large storefront windows, and prominent corner presence — bridging the authentic character of mid-century Fairhope with the expectations of today's tenants and customers.