6945 Airport BlvdMobile, AL 36608

Property Details for 6945 Airport Blvd

Year built

2000

Lot size

1.85 AC

Property size (Sq ft)

7,898 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

28 04 20 2 000 046.001

APU

2804202000046001

Description

This exceptional turnkey restaurant opportunity is located on a high-traffic section of Airport Boulevard in Mobile, Alabama. The 7,000-square-foot building sits on approximately one acre of land and boasts a complete renovation completed in 2022. The property features a spacious layout including a foyer, waiting area, multiple dining rooms, a bar area, a fully equipped kitchen, and four restrooms. Two walk-in coolers and two walk-in freezers provide ample storage. High-quality finishes throughout include paver, quarry, and vinyl tile flooring, sheetrock and panel walls, and a 2x2 lay-in suspended ceiling with a mix of recessed, track, and Tiffany-style lighting. Extensive outdoor space includes two patios—a 683-square-foot open patio and a 796-square-foot covered patio—perfect for outdoor dining. Ample parking is available with 93 spaces. The building also benefits from a new roof and a new HVAC system (10-ton and 15-ton units). This property is zoned B-3 and presents a unique sale/leaseback investment opportunity. The asking price is $3,750,000. The property's excellent condition and prime location make it an ideal investment for a discerning buyer. The APN is 02940973.

• CAP approach

  CAP return

  Valuation

  6%

  $1,841,141

  6.5%

  $1,699,514

  7%

  $1,578,121

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,518,216

  Geo Method

  $1,414,901

• Alternative Use

  Use

  Valuation

  Residential

  $1,433,604

  Hospitality

  $1,313,174

  Educational

  $1,092,545

  Medical

  $1,130,119

  Retail

  $1,699,514

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6836

Longitude

-88.2038

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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