5001 Cottage Hill RdMobile, AL 36609

  • Commercial land
  • 1,689 SF
For Sale
$695,000 View listing

Property Details for 5001 Cottage Hill Rd

Year built
1985
Lot size
0.55 AC
Property size (Sq ft)
1,689 SF
Property type
Commercial land
APN
28 08 34 4 002 055.XXX
APU
2808344002055XXX

Description

This exceptional retail opportunity is located within a recently updated plaza in Monroe County. The property offers a versatile 1,000 square foot space, ideal for a variety of retail, restaurant, or service-based businesses. Alternatively, two 1,000 square foot units are available for lease, totaling 2,000 square feet. The plaza enjoys a high-traffic location, benefiting from an average daily traffic count of 4,200 vehicles. This is a prime location adjacent to Fermi III and shares a strip center with a thriving convenience store, ensuring high visibility and foot traffic. The property sits on a 1.33-acre lot and is part of a shopping center with multiple tenancies. The lease is a gross lease, simplifying financial planning. This is a single-building property with one available suite. The space is ready for immediate occupancy and presents a fantastic chance to establish or expand your business in a bustling commercial area. Don't miss this opportunity to secure a prominent retail presence in a high-demand location. Contact us today to schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $520,365
    Retail / Commercial
    $272,967
    Mixed-Use / Specialty
    $276,822
    Hospitality / Lodging
    $209,381
    Office
    $280,206
    Institutional / Educational
    $289,509
    Residential Income
    $338,725
    Multifamily
    $379,483
    Automotive / Energy
    $248,150
    Parking / Income-Based Land
    $80,863.70
    Restaurant / Food Service
    $154,281
    Healthcare / Senior Housing
    $278,925

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6483
Longitude
-88.158
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
$6,516
$100,600
-
$100,600
-
$503,000
-
$503,000

FAQs

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