501 Bel Air BlvdMobile, AL 36606

Property Details for 501 Bel Air Blvd

Year built

1978

Lot size

2.23 AC

Property size (Sq ft)

46,046 SF

Property type

Office properties

Property subtype

Office buildings

APN

29 09 30 2 000 028.01X

APU

290930200002801X

Description

This exceptional 44,300-square-foot medical office building, situated in West Mobile's desirable Bel Air Office Park, presents a unique investment opportunity. The two-story Class B building, constructed in 1978, sits on a 2.265-acre lot and offers a flexible floor plan ideal for a single tenant or easily divisible for multiple occupants. The property boasts ample parking with 133 spaces (a 3.3:1000 ratio), one passenger elevator, and three stairwells strategically located for convenient access. The building's B-1 zoning provides versatility for various uses. Currently fully vacant, this 44,300 square foot space offers immediate occupancy. Its prime location near Airport Boulevard, Cottage Hill Road, and Interstate 65 ensures easy access to major transportation arteries, while its proximity to shopping, restaurants, and residential areas enhances its appeal. The minimum divisible space is 24,000 square feet, with a maximum contiguous space of 44,300 square feet. The property's size and location make it suitable for a variety of medical practices or potential repurposing. The APN is 2909302000028.01, located in Mobile County.

• CAP approach

  CAP return

  Valuation

  6%

  $6,236,224

  6.5%

  $5,756,514

  7%

  $5,345,334

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,116,483

  Geo Method

  $3,273,410

• Alternative Use

  Use

  Valuation

  Residential

  $7,138,078

  Hospitality

  $6,538,440

  Educational

  $5,439,906

  Medical

  $5,626,992

  Retail

  $8,462,075

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.671

Longitude

-88.117

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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