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    2961 Mill St Mobile, AL 36607

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $149,000

    Two buildings, 3,800 sq ft total. Great investment opportunity.

    Property size:
    3,800 SF

    Description

    Added:
    Feb 12, 2025
    Days on Market:
    328
    This exceptional commercial property, located at 2961 Mill St., Mobile, AL 36607, presents a unique investment opportunity. The property encompasses two buildings totaling 3,800 square feet situated on a sizable 0.375 acre lot (approximately 63 x 275 feet) in a prime commercial location. The front building offers approximately 1,800 square feet of space, while the rear building provides an additional approximately 2,000 square feet. Both buildings are situated on a commercial street, offering excellent visibility and accessibility. The property consists of three units in total. This versatile property is ideal for a variety of industrial uses, including warehousing, self-storage, or other industrial applications. The asking price is $149,000. This represents a compelling opportunity to acquire a well-located, multi-building property in a growing market. Serious inquiries only.

    Property Features for 2961 Mill St

    General Information

    Property type
    Warehouses
    Square Feet
    3,800 SF
    Price / Square Foot
    $39
    Elevators
    N/A
    Lot Size
    16,336 SF

    Building Details

    Year Built
    1981
    Buildings
    2
    Stories
    1
    Units
    3

    HighLights

    • Two buildings totaling 3,800 square feet available for sale.
    • Located on a 0.375‑acre lot on a commercial street in Mobile, Alabama.
    • Features a 1,800 sq ft front building and a 2,000 sq ft rear metal building.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -88.112368
    Latitude
    30.705774

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    FAQs

    What type of property is this?
    Warehouse - Two buildings, 3,800 sq ft total. Great investment opportunity.
    Where is this warehouse located?
    The property is located at 2961 Mill St Mobile, AL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Two buildings totaling 3,800 square feet available for sale.; Located on a 0.375-acre lot on a commercial street in Mobile, Alabama.; Features a 1,800 sq ft front building and a 2,000 sq ft rear metal building.
    (850) 564-0120
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2961 Mill St Mobile, AL 36607
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