Building For Sale or Lease

Retail-Commercial for Sale
Catylist Listing ID: 30149194
Property Subtypes: Free-Standing Building, Mixed Use, Post Office, Street Retail, Other
Building Size (RSF): 16,390 SF
Gross Land Area: 1.64 Acres
Sale Price: $1,600,000
Unit Price: $97.62 PSF
Property Use Type: Net Leased Investment (NNN), Business
Building Name: Calagaz Photo and Fast Signs
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 9/15/2017

Overview / Comments

The subject property is located on the west side of Springdale Boulevard,
approximately 0.3 mile southeast of the I-65/Dauphin Street interchange and 750 ± feet North of Emogene Street, in the central sector in the City of Mobile, Alabama. The property consists of a 1.64 ± acre site which is improved with a 1998-built, 16,390 ± square foot retail showroom/office/warehouse building.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2806241000005.008
Zoning: B-3
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Dauphin St and Emogene St.
Property Visibility: Good
Largest Nearby Street: I/65 and Dauphin St.
Feet of Frontage: 203
Highway Access: Interstate 65
Site Description: The subject property is located on the west side of Springdale Boulevard, approximately 0.3 mile southeast of the I-65/Dauphin Street interchange and 750± feet North of Emogene Street, in the central sector in the City of Mobile, Alabama. The property consists of a 1.64± acre site which is improved with a 1998-built, 16,390± square foot retail showroom/office/warehouse building. The ground floor retail showroom/office (8,800± SF) and warehouse (2,000± SF), and second floor office (2,889± SF) and unfinished storage space (2,701± SF)
Area Description: The subject neighborhood is an older commercial area and is considered the central retail area of the city with Mobile's two regional malls, Bel Air Mall and Springdale Mall just south east of subject property, representing the dominant influences in the area. The Neighborhood land uses consist of office buildings, strip centers, medical facilities, free-standing retail stores, fast food and table service restaurants, branch banks, residential condominiums, golf courses (Springhill Golf Course), apartments, institutional (Springhill College), and a diverse mix of residential subdivisions ranging from lower middle income properties just east of the subject to high income properties further west to the Springhill area. Sitting southwest of the subject property there is a Wal-Mart Super Center and a Lowe’s Home Center; both of these large retail developments have significantly increased retail traffic in the immediate area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1998
Year Renovated: 2003
Roof Type: Flat
Construction/Siding: Other
Exterior Description: brick veneer walls and a dryvit exterior finish at the top of the building
Total Parking Spaces: 59
Parking Type: Surface
Sprinklers: Wet
Air Conditioning: Engineered System
Interior Description: First Floor: Retail / showroom consists of two restrooms, offices, and a photo lab production area located west of this area. this includes carpet and tile flooring, and an acoustical ceiling system with florescent lighting in place (8,800± SF), and warehouse in rear that is heated and cooled with dropped florescent lighting @ (2,000± SF), Second Floor: (2,889± SF) with 4 offices, reception area next to staircase, file storage area, conference room with break area and restroom at rear.
Zoning Description: b-3
Lot Frontage: 203.72
Lot Depth: 357.86
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Other
Easements Description: One-third of the site is affected by easements including drainage easement and the 27’± private road that provides access from Springdale Blvd to the East I-65 Service Road.
Land Ownership: owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,456 90,011 193,278
Median Age: 31.34 35.93 36.53
Households: 6,738 36,971 78,793
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