7899 Cottage Hill RdMobile, AL 36695

  • Retail properties
  • 7,842 SF
For Sale
$1,699,000 View listing

Property Details for 7899 Cottage Hill Rd

Year built
2011
Lot size
0.65 AC
Property size (Sq ft)
7,842 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
34 01 01 4 000 002.004
APU
3401014000002004

Description

This exceptional Class A retail property, located at 7899 Cottage Hill Rd in Mobile, Alabama, presents a compelling investment opportunity. The 7,250 square foot building sits on a 0.654-acre lot and boasts a 100% occupancy rate with two tenants: Amici Trattoria, Wine Bar, & Market and Mob Boss Pizzeria. Built in 2011, this single-story structure features 48 parking spaces and benefits from a prime location on a high-traffic corner, offering excellent visibility and accessibility. The property is situated on an outparcel of a 70,000 square foot shopping center anchored by Club4 Fitness, and enjoys proximity to other popular retailers including Whataburger, Foosackly's, and a Walmart Supercenter. The property is zoned for County use and offers a Net Lease (NNN) structure with rent bumps included. The asking price is $1,699,000, representing a compelling 8.12% cap rate and a price per square foot of $234.34. The strong tenant mix, high occupancy, and desirable location make this a truly exceptional investment opportunity with a projected NOI of $137,926. Lease options are available. The property is fee simple ownership. The occupancy date is July 9th, 2024.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,828,086
    6.5%
    $1,687,464
    7%
    $1,566,931
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,507,451
    Geo Method
    $1,404,869
  • Alternative Use

    Use
    Valuation
    Residential
    $1,423,439
    Hospitality
    $1,303,863
    Educational
    $1,084,798
    Medical
    $1,122,106
    Retail
    $1,687,464
7899 Cottage Hill Rd, Mobile, Alabama

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6397
Longitude
-88.227
CBSA code
33660
CBSA name
MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,337
$40,600
$213,780
$254,380
-
$203,000
$1,068,900
$1,271,900

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