709 Azalea RdMobile, AL 36609

Property Details for 709 Azalea Rd

Year built

1999

Lot size

0.73 AC

Property size (Sq ft)

4,872 SF

Property type

Office buildings

APN

28 07 36 3 000 001.XXX

APU

2807363000001XXX

Description

This exceptional commercial property, located at 709 Azalea Road in Mobile, Alabama, offers a rare opportunity to acquire two Class A office buildings. The property sits on a 0.73-acre lot, conveniently situated just west of I-65 and north of Cottage Hill Road, providing excellent accessibility and visibility. The complex comprises two distinct buildings totaling 7,390 square feet of well-maintained office space. Building 1 (709A), encompassing 4,740 square feet, boasts impressive features including crown and chair moldings, a spacious open lobby, fourteen generously sized private offices, a dedicated conference room, file room, storage room, an open work area perfect for collaborative projects, a full kitchen, and four bathrooms. Both front and rear entrances provide convenient access. Building 2 (709B), offering 2,650 square feet, features a reception area, ten private offices, a conference room, a workstation room, a kitchen, two bathrooms, and a secure server room. This property is ideal for a variety of businesses seeking high-quality, well-appointed office space in a prime Mobile location. The asking price for the entire complex is $850,000, presenting a compelling investment opportunity. The property is available for both sale and lease, offering flexibility to suit individual needs.

• CAP approach

  CAP return

  Valuation

  6%

  $772,609

  6.5%

  $713,178

  7%

  $662,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $371,640

  Geo Method

  $346,350

• Alternative Use

  Use

  Valuation

  Residential

  $884,340

  Hospitality

  $810,051

  Educational

  $673,953

  Medical

  $697,131

  Retail

  $1,048,371

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6543

Longitude

-88.1393

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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