100 Florida StMobile, AL 36607

  • Retail properties
  • 41,441 SF
For Lease

Property Details for 100 Florida St

Year built
2018
Lot size
9.29 AC
Property size (Sq ft)
41,441 SF
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
29 07 23 0 003 304.XXX
APU
2907230003304XXX

Description

This exceptional 62,335 square foot retail center, built in 2018, presents a prime opportunity for businesses seeking high-visibility locations in Mobile County. Currently, two suites are available, offering flexible space options ranging from a minimum of 845 square feet to a maximum contiguous space of 2,355 square feet. The property boasts a total of two suites, with 2,355 square feet currently vacant and ready for immediate occupancy. The center is strategically positioned less than two miles from Interstate 65, ensuring excellent accessibility and high traffic volume. Its prominent location, coupled with the presence of a Publix supermarket as an anchor tenant, guarantees significant foot traffic and brand recognition. The building's modern design and convenient layout make it ideal for a variety of retail uses, including restaurants and medical facilities. The property is situated near Florida Street, further enhancing its visibility and accessibility. This is an exceptional opportunity to establish or expand your business in a thriving retail environment. The minimum divisible space is 845 square feet, providing flexibility for smaller businesses, while the larger contiguous space offers ample room for expansion or multi-tenant occupancy. This property offers a unique blend of convenience, visibility, and established tenancy, making it an attractive investment for discerning businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,250,444
    6.5%
    $7,615,794
    7%
    $7,071,809
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,068,116
    Geo Method
    $7,424,022
  • Alternative Use

    Use
    Valuation
    Residential
    $6,424,208
    Hospitality
    $5,884,540
    Educational
    $4,895,868
    Medical
    $5,064,244
    Retail
    $7,615,794
100 Florida St, Mobile, Alabama

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6917
Longitude
-88.0987
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
$171,109
$323,940
$2,069,360
$2,393,300
-
$1,619,700
$10,346,800
$11,966,500

FAQs

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