100 Florida StMobile, AL 36607

Property Details for 100 Florida St

Year built

2018

Lot size

9.29 AC

Property size (Sq ft)

41,441 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,264,230

  6.5%

  $5,782,370

  7%

  $5,369,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,917,000

  Geo Method

  $3,063,880

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,101,100

  Mixed-Use / Specialty

  $5,832,530

  Hospitality / Lodging

  $4,371,280

  Office

  $5,871,590

  Institutional / Educational

  $6,088,770

  Residential Income

  $7,123,860

  Multifamily

  $8,151,640

  Automotive / Energy

  $5,218,950

  Parking / Income-Based Land

  $1,731,070

  Restaurant / Food Service

  $3,184,580

  Healthcare / Senior Housing

  $5,908,570

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

FAQs

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