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    0 Grelot Road Mobile, AL 36609

    Source: https://www.saltercompany.com
    For Sale
    $1,550,000

    High-traffic Mobile, AL land; ideal development.

    Property size:
    649,480 SF

    Description

    Added:
    Feb 19, 2025
    Days on Market:
    299
    This exceptional 14.91-acre commercial land parcel presents a prime development opportunity in Mobile, Alabama. Strategically located at the busy intersection of Grelot Road and University Boulevard, the property boasts exceptional visibility to a combined daily traffic count exceeding 49,000 vehicles. Its advantageous location offers close proximity to St. Luke's Episcopal High School, numerous offices, and established residential neighborhoods, ensuring a strong potential customer base. The surrounding area demonstrates significant economic strength, with an average household income exceeding $76,000 and a population of over 153,000 within a 5-mile radius. This substantial acreage provides ample space for a variety of commercial ventures, making it an attractive investment for developers seeking a high-visibility location in a thriving community. The property is listed at $1,550,000. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a significant land holding in a prime Mobile location. Don't miss out on this exceptional investment prospect.

    Property Features for 0 Grelot Road

    General Information

    Property type
    Other land
    Square Feet
    649,480 SF
    Price / Square Foot
    $2
    Elevators
    N/A
    Lot Size
    649,480 SF

    HighLights

    • 15 acres of commercial land in Mobile, AL, priced at $1,550,000.
    • High visibility location at Grelot Rd and University Blvd, boasting 49,000+ vehicles daily.
    • Desirable location near St. Luke's, offices, and affluent residential areas; strong demographics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Mobile
    State
    Alabama

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    FAQs

    What type of property is this?
    Land - High-traffic Mobile, AL land; ideal development.
    Where is this land located?
    The property is located at 0 Grelot Road Mobile, AL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: 15 acres of commercial land in Mobile, AL, priced at $1,550,000.; High visibility location at Grelot Rd and University Blvd, boasting 49,000+ vehicles daily.; Desirable location near St. Luke's, offices, and affluent residential areas; strong demographics.
    (251) 471-1000
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    0 Grelot Road Mobile, AL 36609
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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
    0 Grelot Road Mobile, AL 36609
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