2871 Mill StMobile, AL 36607
- Retail properties
- 13,042 SF
Property Details for 2871 Mill St
- Year built
- 1973
- Lot size
- 1.95 AC
- Property size (Sq ft)
- 13,042 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 29 03 07 4 003 078.XXX
- APU
- 2903074003078XXX
Description
This versatile industrial property offers 13,000 square feet of space, ideal for warehouse, distribution, or cold storage operations. Situated on 2.5 acres of land, it includes a substantial lay-down yard perfect for equipment storage or additional parking. The building features a mix of ceiling heights ranging from 12 to 20 feet, providing ample vertical space. Loading and unloading are efficient with two dock-high doors, one drive-in door, and an additional 18ft x 12ft all-purpose dock door. The property also boasts two loading docks and numerous parking spaces. Three-phase power is available, and the I-1 zoning allows for a variety of industrial uses. A key feature is the existing cold storage capabilities, making this property suitable for businesses requiring temperature-controlled storage. Conveniently located just five minutes from I-65 and Highway 98, this property offers excellent access to major transportation routes. The building also includes an office and a kitchen. This property is available for sale or lease. The asking price is $365,000, negotiable. Additional deposits may apply.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,596,518
- 6.5%
- $2,396,786
- 7%
- $2,225,586
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,224,424
- Geo Method
- $2,336,432
-
Alternative Use
- Use
- Valuation
- Residential
- $2,021,778
- Hospitality
- $1,851,938
- Educational
- $1,540,791
- Medical
- $1,593,781
- Retail
- $2,396,786
Location Insight
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Latitude
- 30.7058
- Longitude
- -88.1092
- 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
FAQs
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