2155 Halls Mill RdMobile, AL 36606
- Retail properties
- 3,200 SF
Property Details for 2155 Halls Mill Rd
- Year built
- 1988
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 3,200 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 29 09 51 0 001 047.XXX
- APU
- 2909510001047XXX
Description
This exceptional mixed-use property in Mobile, Alabama, presents a compelling investment opportunity. Situated on a spacious 1.25-acre lot at 2155 Halls Mill Rd, zip code 36606, this property boasts two buildings totaling 4,200 square feet of net rentable space. The main structure is a substantial 3,200 square foot concrete block building, ideally suited for various uses, featuring two convenient overhead doors for easy loading and unloading. An additional 1,000 square foot warehouse space provides ample storage or workshop capabilities. The property is fully fenced, enhancing security and providing a defined perimeter. The asking price is $225,000, translating to a price per square foot of $112.33. The property is zoned B3, offering flexibility for a range of commercial ventures. This prime location in Mobile County offers excellent access to major transportation routes and a thriving local market. The combination of versatile space, secure lot, and strategic location makes this a highly attractive investment prospect. The property's size and zoning provide significant potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-maintained, functional property in a desirable area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $637,085
- 6.5%
- $588,078
- 7%
- $546,072
-
Comparable approach
- Method
- Valuation
- Relative Method
- $545,787
- Geo Method
- $573,270
-
Alternative Use
- Use
- Valuation
- Residential
- $496,066
- Hospitality
- $454,394
- Educational
- $378,050
- Medical
- $391,052
- Retail
- $588,078
Location Insight
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Latitude
- 30.6624
- Longitude
- -88.0936
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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