300 Craft HwyChickasaw, AL 36611

Property Details for 300 Craft Hwy

Year built

2021

Lot size

2.09 AC

Property size (Sq ft)

660 SF

Property type

Office properties

Property subtype

Office buildings

APN

22 09 44 0 015 004.XXX

APU

2209440015004XXX

Description

This 1,836 square foot freestanding restaurant building, situated on a 0.44-acre lot (15,600 square feet), is available for lease in Chickasaw, Alabama. Previously occupied by Church's Chicken, this single-tenant property offers significant potential for a variety of food service or retail businesses. Located at 300 S Craft Hwy, near Chieftain Way, in the Norwood submarket, the property boasts 19 parking spaces and is conveniently located just five miles from Downtown Mobile. The building is a one-story structure and enjoys a prime location within a well-established neighborhood featuring a mix of residential, retail, office, and industrial properties. Nearby businesses include Whataburger, AutoZone, Family Dollar, Dollar General, and Rite Aid Pharmacy, ensuring high visibility and foot traffic. Property taxes are $2 per square foot. Electricity is available. This property presents a unique opportunity for entrepreneurs seeking a ready-made space in a thriving community. The property's size and location make it ideal for a variety of uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $89,387

  6.5%

  $82,511

  7%

  $76,617

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,670

  Geo Method

  $46,919

• Alternative Use

  Use

  Valuation

  Residential

  $102,314

  Hospitality

  $93,719

  Educational

  $77,973

  Medical

  $80,654

  Retail

  $121,291

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.7674

Longitude

-88.0745

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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