401 Azalea RdMobile, AL 36609

Property Details for 401 Azalea Rd

Year built

1983

Lot size

0.60 AC

Property size (Sq ft)

3,086 SF

Property type

Retail properties

Property subtype

Banks

APN

28 07 26 2 000 066.001

APU

2807262000066001

Description

This exceptional 2,139 square foot retail space, formerly a bank branch, presents a unique investment opportunity in Mobile, Alabama. Located at 401 Azalea Road, 36609, the property boasts excellent visibility and accessibility, situated on a 0.6-acre lot. The building is in great condition and features a convenient drive-thru, a significant advantage for quick-service restaurants (QSR) or similar businesses. Azalea Road experiences a high daily traffic count of 17,500 vehicles, ensuring substantial exposure for your business. Furthermore, the property benefits from its strategic location near the main retail corridor of Airport Boulevard, which sees a remarkable 53,800 vehicles daily. This prime location is surrounded by established national retailers and restaurants, creating a vibrant and thriving commercial environment. The single-tenant occupancy provides flexibility and control, making it an ideal space for a variety of businesses seeking a high-traffic, easily accessible location in a well-established commercial area of Mobile. The property's former use as a bank suggests a robust and well-maintained structure, ready for immediate occupancy and customization to suit your specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $719,392

  6.5%

  $664,054

  7%

  $616,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $593,215

  Geo Method

  $552,847

• Alternative Use

  Use

  Valuation

  Residential

  $560,155

  Hospitality

  $513,099

  Educational

  $426,892

  Medical

  $441,574

  Retail

  $664,054

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6696

Longitude

-88.1501

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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