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    152 Schillinger Rd Mobile, AL 36608

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $225,000

    High-traffic corner lot, ready for development.

    Property size:
    19,602 SF

    Description

    Added:
    Feb 24, 2025
    Days on Market:
    319
    This exceptional 0.45-acre commercial lot sits at a signalized intersection on Schillinger Road in Mobile, Alabama (zip code 36608). The property is ideally located within a rapidly expanding commercial corridor, ensuring high visibility and accessibility. Previously cleared and ready for immediate development, this lot presents a unique opportunity for investors seeking a prime location. A current lease agreement conveys with the property, generating sufficient income to cover annual property taxes, making this a low-risk, high-reward investment. The significant price reduction reflects the seller's motivation to secure a separate opportunity. This is an excellent buy-and-hold investment, offering complete control over the development of this high-traffic corner lot. The property's size is approximately 19,602 square feet. The information provided is believed to be accurate but should be independently verified.

    Property Features for 152 Schillinger Rd

    General Information

    Property type
    Other land
    Square Feet
    19,602 SF
    Price / Square Foot
    $11
    Elevators
    N/A
    Lot Size
    19,602 SF

    HighLights

    • High‑traffic corner lot at a signalized intersection in Mobile, AL.
    • Cleared and ready for immediate development, minimizing upfront costs.
    • Existing lease provides income exceeding property taxes, ensuring positive cash flow.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -88.225131
    Latitude
    30.693605

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, ready for development.
    Where is this land located?
    The property is located at 152 Schillinger Rd Mobile, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: High-traffic corner lot at a signalized intersection in Mobile, AL.; Cleared and ready for immediate development, minimizing upfront costs.; Existing lease provides income exceeding property taxes, ensuring positive cash flow.
    (251) 342-7229
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    Mobile, AL 36608
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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
    152 Schillinger Rd Mobile, AL 36608
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