4645 Airport BlvdMobile, AL 36609

Property Details for 4645 Airport Blvd

Year built

2019

Lot size

2.30 AC

Property size (Sq ft)

9,892 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

28 08 27 2 001 065.XXX

APU

2808272001065XXX

Description

This exceptional 0.78-acre commercial land parcel presents a unique investment opportunity in Mobile, Alabama. Strategically located at 4645 Airport Boulevard, this property boasts excellent visibility and accessibility, situated near the highest-traffic intersections in the city. The lot dimensions measure 100 feet by 342 feet, providing ample space for a variety of commercial developments. Its prime location offers significant advantages, being less than two miles from the University of South Alabama campus and within a 2.5-mile radius of Providence Hospital. This translates to a large potential customer base and strong potential for high returns. The property is designated for single-tenant occupancy within Mobile County, offering a straightforward leasing arrangement. The address is 4645 Airport Blvd, Mobile, AL 36609. This property is zoned for commercial use and represents a rare chance to acquire land in a thriving area of Mobile with high foot and vehicle traffic. The site's proximity to major roadways and established businesses makes it an attractive location for a wide range of commercial ventures. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,756,380

  6.5%

  $1,621,270

  7%

  $1,505,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $769,662

  Geo Method

  $717,287

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,047,630

  Retail / Commercial

  $1,598,690

  Hospitality / Lodging

  $1,226,290

  Office

  $1,641,090

  Institutional / Educational

  $1,695,570

  Residential Income

  $1,983,820

  Multifamily

  $2,222,530

  Automotive / Energy

  $1,453,350

  Parking / Income-Based Land

  $473,596

  Restaurant / Food Service

  $903,582

  Healthcare / Senior Housing

  $1,633,580

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6991

Longitude

-88.1335

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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