6345 Airport BlvdMobile, AL 36608

Property Details for 6345 Airport Blvd

Year built

1986

Lot size

1.26 AC

Property size (Sq ft)

22,225 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

28 05 21 3 001 086.XXX

APU

2805213001086XXX

Description

This exceptional retail property, located at 6345 Airport Boulevard in Mobile, Alabama (zip code 36608), presents a compelling investment opportunity. The center boasts a total of 33,395 square feet, currently housing a diverse mix of tenants including established businesses like Taco Mama and Buffalo Wild Wings, creating a vibrant and successful shopping environment. The property is classified as Class C and is situated in Mobile County. Currently, there are four available retail spaces ranging in size from 1,200 to 1,830 square feet, totaling 1,300 square feet of vacant space. This presents a unique chance to acquire space in a well-established center with strong existing tenants, benefiting from the high visibility and foot traffic associated with this prime location. The property's multiple tenancy structure offers diversification and potential for strong rental income. The address is easily accessible, situated on Airport Boulevard, providing excellent visibility and convenient access for customers. This is an ideal opportunity for investors seeking to capitalize on the thriving retail market in Mobile, Alabama. The property's existing tenant mix and available space provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to explore this promising investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $4,370,348

  6.5%

  $4,034,167

  7%

  $3,746,012

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,627,781

  Geo Method

  $2,448,962

• Alternative Use

  Use

  Valuation

  Residential

  $4,034,167

  Hospitality

  $3,695,275

  Educational

  $3,074,426

  Medical

  $3,180,160

  Retail

  $4,782,440

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6764

Longitude

-88.1888

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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