5103 Girby RdMobile, AL 36693

Property Details for 5103 Girby Rd

Year built

1980

Lot size

2.70 AC

Property size (Sq ft)

2,745 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

33 05 15 1 000 005.03X

APU

330515100000503X

Description

This exceptional investment opportunity presents the acquisition of Trackside Putt Putt, a well-established family entertainment center located at 5103 Girby Rd, Mobile, Alabama, 36693. Boasting a substantial 117,528 square feet of space within a single, one-story building, this property is zoned Commercial B-3, ensuring flexibility and potential for future expansion. The asking price is $350,000. The property's APN is 330515100000503x. This turnkey operation is ideal for an investor seeking a proven, profitable business in a high-traffic area. The existing infrastructure provides a solid foundation for continued success, offering significant potential for increased revenue and return on investment. The business is categorized as Sports/Entertainment, catering to families and individuals seeking recreational activities. The property's prime location in Mobile County, Alabama, ensures easy accessibility and high visibility. This is a rare opportunity to acquire a well-established business with significant growth potential in a thriving market. The substantial square footage allows for ample space for operations and potential future development or expansion of the existing business model. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

• CAP approach

  CAP return

  Valuation

  6%

  $539,780

  6.5%

  $498,258

  7%

  $462,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $324,556

  Geo Method

  $302,470

• Alternative Use

  Use

  Valuation

  Residential

  $498,258

  Hospitality

  $456,402

  Educational

  $379,721

  Medical

  $392,780

  Retail

  $590,677

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.618

Longitude

-88.1592

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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