1250 Satchel Paige DrMobile, AL 36606
- Sports & entertainment properties
- 73,897 SF
Property Details for 1250 Satchel Paige Dr
- Year built
- 1999
- Construction
- CONCRETE BLOCKS
- Property size (Sq ft)
- 73,897 SF
- Property type
- Sports & entertainment properties
- APN
- R022909510012005.002
- APU
- R022909510012005002
Description
This exceptional retail property, located in Mobile County, Alabama, offers 40,000 square feet of commercial space across multiple tenancies. Situated on a lot ranging from 1.49 to 1.64 acres, this property boasts a General Commercial zoning designation. Its prime location at the intersection of I-65 (83,410 vehicles per day) and Government Blvd (29,200 vehicles per day) ensures high visibility and accessibility. The area benefits from a strong economy driven by tourism, manufacturing (aerospace, paper, automotive, and steel), research, and healthcare. Major employers such as Airbus, ThyssenKrupp, and Austal USA contribute significantly to the robust local economy. The presence of several universities, including the University of South Alabama (generating over $3 billion annually), further strengthens the market. Mobile's status as the second-largest city in Alabama, combined with its low cost of living and waterway access, makes it attractive to new industries. Two retail spaces are currently available within this thriving commercial center, presenting a unique investment opportunity in a dynamic and growing market. The property's strategic location and strong economic fundamentals offer significant potential for long-term growth and return on investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $11,455,555
- Hospitality
- $10,493,227
- Educational
- $8,730,242
- Medical
- $9,030,488
- Retail
- $13,580,376
Location Insight
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Latitude
- 30.6524
- Longitude
- -88.1194
- 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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