725 Schillinger RdMobile, AL 36695

  • Turn key restaurants
  • 7,241 SF

Property Details for 725 Schillinger Rd

Year built
2000
Lot size
1.37 AC
Property size (Sq ft)
7,241 SF
Property type
Turn key restaurants
APN
28 09 30 2 000 001.010
APU
2809302000001010

Description

This exceptional 6,700-square-foot free-standing restaurant building presents a unique opportunity in Mobile, Alabama. Situated on a 1.36-acre lot at 725 Schillinger Rd S, this single-tenant property boasts 95 parking spaces and benefits from its strategic location as an outparcel to Home Depot, directly across from Target. The property enjoys exceptional visibility and accessibility on heavily trafficked Schillinger Road South, approximately 0.5 miles south of Airport Boulevard, which sees an estimated 40,000 vehicles per day. The building is a one-story structure offering ample space for a variety of restaurant concepts. Its proximity to a robust retail environment, including Walmart Supercenter, Target, Rouses Market, Ross Dress for Less, Hobby Lobby, Home Depot, and Lowe's, ensures high foot traffic and strong consumer demographics. This is a turnkey opportunity for a restaurant operator seeking a prime location with excellent visibility and ample parking in a thriving retail corridor. The property is located in Mobile County, Alabama, with a zip code of 36695, and is easily accessible from Schillinger Road and Old Government Street. The building is currently vacant, providing immediate occupancy for a new tenant.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,267,770
    6.5%
    $1,170,250
    7%
    $1,086,660
  • Comparable approach

    Method
    Valuation
    Relative Method
    $574,444
    Geo Method
    $535,353
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $2,230,880
    Mixed-Use / Specialty
    $1,186,780
    Hospitality / Lodging
    $897,650
    Office
    $1,201,290
    Institutional / Educational
    $1,241,170
    Residential Income
    $1,452,170
    Multifamily
    $1,626,900
    Automotive / Energy
    $1,063,860
    Parking / Income-Based Land
    $346,675
    Restaurant / Food Service
    $661,427
    Healthcare / Senior Housing
    $1,195,790

Location Insight

City
Mobile
County
Mobile
State
Alabama
Latitude
30.6755
Longitude
-88.2249
CBSA code
33660
CBSA name
MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$24,477
$228,780
$152,000
$380,780
-
$1,143,900
$760,000
$1,903,900

FAQs

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