8865 Moffett RdSemmes, AL 36575

Property Details for 8865 Moffett Rd

Year built

1992

Lot size

0.75 AC

Property size (Sq ft)

8,687 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

24 06 23 0 001 030.01X

APU

240623000103001X

Description

This exceptional 0.4-acre commercial land parcel presents a remarkable development opportunity in the thriving Semmes, Alabama market. Strategically located on the corner of Moffett Road and Firetower Road, this property enjoys exceptional visibility and accessibility, situated directly adjacent to a Dollar General store. The site's prime location along Highway 98 ensures high traffic counts, providing significant exposure for any future development. The land is designated for commercial use and offers a blank canvas for a variety of projects. Imagine a small retail center catering to the local community's needs, or a single-tenant building perfectly suited for a variety of businesses. This property's potential is undeniable, offering a unique chance to capitalize on the area's growth and strong retail demand. The 0.4-acre lot size provides ample space for construction, while the existing infrastructure and convenient location minimize development challenges. With its ideal location and high visibility, this property is poised for immediate success. This is a rare opportunity to acquire a highly desirable commercial lot in a rapidly growing area of Mobile County. The property is zoned for commercial use and ready for immediate development. Contact us today to learn more about this exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,708,221

  6.5%

  $1,576,819

  7%

  $1,464,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,027,111

  Geo Method

  $957,216

• Alternative Use

  Use

  Valuation

  Residential

  $1,576,819

  Hospitality

  $1,444,358

  Educational

  $1,201,689

  Medical

  $1,243,017

  Retail

  $1,869,294

Location Insight

City

Semmes

County

Mobile

State

Alabama

Latitude

30.7777

Longitude

-88.2518

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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