For Sale
$225,000

152 Schillinger RdMobile, AL 36608

High-Traffic Corner Lot, Ready to Develop

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 0.45-acre commercial lot, located at 152 Schillinger Rd in Mobile, Alabama (zip code 36608), presents a unique investment opportunity. Priced at $225,000 ($500,000/acre), this single-story, 1,848 square foot property sits on a signalized corner in a rapidly expanding area. The B-3 zoning permits a variety of commercial uses. The lot is already cleared and prepared for immediate development, minimizing upfront costs. An existing lease conveys with the property, generating sufficient income to cover annual property taxes, making this a low-risk, high-reward investment. The high-traffic location on Schillinger Road ensures excellent visibility and accessibility for any future business. This is an ideal opportunity for investors seeking a strong return on investment in a prime Mobile location. The property's strategic position at a signalized intersection guarantees maximum exposure to a large volume of daily traffic. This turnkey investment offers the potential for significant appreciation and rental income, making it an attractive option for both experienced and new investors. The existing lease provides immediate cash flow, mitigating risk and ensuring a stable return. Don't miss this chance to secure a prime commercial property in a thriving Mobile neighborhood.

Highlights

  • Asking price: $225,000
  • Retail land property with single tenancy, totaling 1,848 square feet on a 0.45-acre lot.
  • Price per square foot: $11.48; Land value: $500,000 per acre.
  • One single-story building, zoned B-3.
  • Located at 152 Schillinger Rd, Mobile, AL 36608, on a signalized corner in a rapidly developing area.

Property Details for 152 Schillinger Rd

Property type
Retail properties, Land
Square Feet
1,848 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
19,602 SF

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6936893
Longitude
-88.225151
152 Schillinger Rd, Mobile, Alabama

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152 Schillinger Rd
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