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    2861 Spring Hill Ave Mobile, AL 36607

    Source: https://www.saltercompany.com
    For Lease
    $10 SF/Yr ($3,566 /Mo)

    High-traffic location, 4,280 SF free-standing building. Excellent visibility.

    Lot size:
    4,280 SF

    Description

    Added:
    Mar 3, 2025
    Days on Market:
    287
    This exceptional 4,280 square foot free-standing building is ideally situated on Springhill Avenue in Mobile, Alabama, a high-traffic area boasting 35,379 cars per day (ALDOT, 2023 data). The property, formerly a bank branch, offers a versatile layout perfect for a variety of retail uses. The spacious interior includes a large, open lobby area, a substantial conference room, three private offices providing ample space for individual work or meetings, a convenient break room, a dedicated file/tech room for secure storage and equipment, three restrooms for customer and staff use, and four teller cages which could be adapted to suit various business needs. The building's size is approximately 3,700 square feet, excluding common areas. The lease is a NNN (Net, Net, Net) type, with an annual rate of $10 per square foot. The property's address is 2861 Spring Hill Ave, Mobile, AL 36607. This location offers unparalleled visibility and accessibility, making it an outstanding opportunity for businesses seeking a prominent presence in a busy commercial corridor. The building's former use as a bank branch suggests a strong foundation and existing infrastructure.

    Property Features for 2861 Spring Hill Ave

    General Information

    Property type
    Other retail properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    4,280 SF
    USF (Usable sq. ft)
    4,280 SF
    Elevators
    N/A
    Total Rate
    3566.67

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic location on Springhill Avenue, averaging 35,379 cars daily.
    • Spacious 4,280 sq ft free‑standing building, ideal for various uses.
    • Features open lobby, conference room, private offices, and ample storage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commonwealth National Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage 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
    -88.109249
    Latitude
    30.698431

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    FAQs

    What type of property is this?
    Other retail property - High-traffic location, 4,280 SF free-standing building. Excellent visibility.
    Where is this other retail property located?
    The property is located at 2861 Spring Hill Ave Mobile, AL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location on Springhill Avenue, averaging 35,379 cars daily.; Spacious 4,280 sq ft free-standing building, ideal for various uses.; Features open lobby, conference room, private offices, and ample storage.
    (251) 344-1444
    Request Owner's contact information
    2861 Spring Hill Ave Mobile, AL 36607
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    Mobile, AL 36607
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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
    2861 Spring Hill Ave Mobile, AL 36607
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