3299 Airport BlvdMobile, AL 36606

Property Details for 3299 Airport Blvd

Lot size

1.08 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

29 09 30 2 000 012.XXX

APU

2909302000012XXX

Description

This exceptional 1.08-acre commercial land parcel presents a prime investment opportunity in Mobile, Alabama. Strategically located at the southeast corner of Interstate 65 (100,559 cars per day) and Airport Boulevard (28,874 cars per day), this highly visible outparcel benefits from a lighted intersection on a major retail thoroughfare. The property is situated within the thriving Shoppes at Bel Air shopping center, a significant retail destination attracting 4.8 million visitors annually. The center encompasses 1,345,000 square feet of retail space and boasts a strong anchor tenant lineup including Target, Dillards, Belk, and Surge Entertainment. This diverse tenant mix includes national brands, local boutiques, entertainment venues, and restaurants, ensuring high foot traffic and strong consumer demographics. The property's location within this established and successful shopping center offers unparalleled visibility and accessibility, making it ideal for a variety of retail developments. The address is 3299 Airport Blvd, Mobile, AL 36606, in Mobile County. This is a rare opportunity to acquire a highly desirable outparcel in a bustling retail environment. The property is zoned for commercial use. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $9,383,459

  6.5%

  $8,661,654

  7%

  $8,042,965

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,038,764

  Geo Method

  $8,443,547

• Alternative Use

  Use

  Valuation

  Residential

  $7,306,430

  Hospitality

  $6,692,650

  Educational

  $5,568,206

  Medical

  $5,759,706

  Retail

  $8,661,654

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6759

Longitude

-88.1195

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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