3267 Schillinger RdSemmes, AL 36575

Property Details for 3267 Schillinger Rd

Year built

1980

Lot size

7.25 AC

Property size (Sq ft)

3,725 SF

Property type

Retail properties

APN

24 07 25 1 000 010.02X

APU

240725100001002X

Description

This exceptional 8-acre commercial land parcel, located at 3267 Schillinger Rd N in Semmes, Alabama (Mobile County, zip code 36575), presents a significant investment opportunity. The property, identified by APN 240725100001002, is offered for sale at $700,000 and features fee simple ownership. Zoned B2, this site boasts high visibility and accessibility due to its strategic location next to a Walmart shopping center at the busy intersection of Schillinger and Moffett Roads. The high traffic count and concentration of commercial businesses in the immediate vicinity make this an ideal location for a variety of commercial developments. Potential uses include, but are not limited to, additional shopping centers, apartment complexes, or storage facilities. Furthermore, there's an adjacent 8-acre parcel available for purchase, offering the potential to expand the total acreage to 16 acres, significantly increasing development possibilities. This presents a rare chance to acquire a substantial commercial land holding in a thriving area with excellent growth prospects. The coordinates are 30.759058 latitude and -88.228245 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $652,182

  6.5%

  $602,015

  7%

  $559,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $295,512

  Geo Method

  $275,403

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,147,640

  Mixed-Use / Specialty

  $610,516

  Hospitality / Lodging

  $461,780

  Office

  $617,980

  Institutional / Educational

  $638,496

  Residential Income

  $747,041

  Multifamily

  $836,930

  Automotive / Energy

  $547,283

  Parking / Income-Based Land

  $178,341

  Restaurant / Food Service

  $340,259

  Healthcare / Senior Housing

  $615,154

Location Insight

City

Semmes

County

Mobile

State

Alabama

Latitude

30.7591

Longitude

-88.2282

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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