3691 Airport BlvdMobile, AL 36608

Property Details for 3691 Airport Blvd

Year built

2005

Lot size

1.61 AC

Property size (Sq ft)

17,179 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

28 07 25 2 000 004.XXX

APU

2807252000004XXX

Description

This exceptional 16,760 square foot retail property, situated on 1.61 acres at 3691 Airport Blvd in Mobile, Alabama (zip code 36608), presents a prime leasing opportunity. Built in 2005, the single-story building features a total of 78 parking spaces, ensuring convenient access for customers. Currently, 9,750 square feet of space is available for lease, with a maximum contiguous space of 4,500 square feet. The property is zoned B-3, ideal for a variety of retail uses, particularly restaurants, given its existing subtype. The location boasts high visibility and traffic counts along Mobile's busy Airport Boulevard corridor, providing excellent exposure for any business. The property's ample parking and signage opportunities make it an attractive option for businesses seeking to establish a strong presence in one of Mobile's most prominent retail areas. The property's parcel number is 28-07-25-2-000-004. This is a multi-tenant building with a single suite currently available. Don't miss this chance to secure a prominent location in a thriving Mobile retail market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,050,220

  6.5%

  $2,815,590

  7%

  $2,614,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,336,640

  Geo Method

  $1,245,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,292,680

  Retail / Commercial

  $2,776,380

  Hospitality / Lodging

  $2,129,640

  Office

  $2,850,010

  Institutional / Educational

  $2,944,630

  Residential Income

  $3,445,210

  Multifamily

  $3,859,770

  Automotive / Energy

  $2,523,960

  Parking / Income-Based Land

  $822,473

  Restaurant / Food Service

  $1,569,210

  Healthcare / Senior Housing

  $2,836,970

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6755

Longitude

-88.1344

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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