2810 Government BlvdMobile, AL 36606

Property Details for 2810 Government Blvd

Year built

1997

Lot size

1.18 AC

Property size (Sq ft)

990 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

29 09 51 0 006 067.XXX

APU

2909510006067XXX

Description

This exceptional commercial property at 2810 Government Blvd, Mobile, AL 36606, presents a unique investment opportunity. Previously occupied by an American Car Center, this flex space offers high visibility due to its location on a major thoroughfare. The property features a well-maintained building with ample interior space suitable for various commercial uses, including automotive, retail, office, or service-oriented businesses. The expansive lot provides extensive parking and outdoor space, ideal for businesses needing ample customer or service vehicle accommodations. The existing structure is in excellent condition, minimizing upfront renovation costs. Its strategic location on Government Boulevard ensures maximum exposure and easy access, benefiting from high traffic flow and thriving commercial activity. The property's proximity to major highways, shopping centers, and other commercial establishments adds to its convenience for both employees and customers. This sale includes a leaseback option, offering a flexible investment strategy. The asking price is $599,000. This is a rare chance to acquire a prime commercial property in a desirable Mobile business corridor, perfect for expansion or a new venture. The property is currently vacant and ready for immediate occupancy. The lease type is Net.

• CAP approach

  CAP return

  Valuation

  6%

  $197,098

  6.5%

  $181,937

  7%

  $168,941

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,853

  Geo Method

  $177,355

• Alternative Use

  Use

  Valuation

  Residential

  $153,470

  Hospitality

  $140,578

  Educational

  $116,959

  Medical

  $120,982

  Retail

  $181,937

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6613

Longitude

-88.1092

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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