Building Details

Buildings 4

Stories 1

Listed By: Paul Salter Show Phone

Added: Feb 11, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This 1.36-acre corner lot, located at 2851 SpringHill Ave in Mobile, Alabama, offers an investment opportunity. The property, with over 59,000 square feet, is zoned B-3 and situated in the Crichton area, making it suitable for commercial ventures such as retail, fast-food establishments, or auto parts stores. Currently, the site includes four fully leased residential houses, providing immediate income potential. Its corner location on Springhill Avenue ensures high visibility and accessibility. The property presents a prospect for a 1031 exchange. For qualified buyers, the owner is willing to build to suit. This is a chance to acquire a commercial parcel with existing income and upside potential.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Dental Office Storage Facility Parking Lot & Garage Hotel & Motel Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

845

Businesses Nearby

Explore this area Business Placement

Demographics for 36607, AL

6,264

Population

3,175

Households

2

Avg Household Size

44

Median Age

31%

College-Educated

87%

High-School Grad

3.0 sq mi

ZIP Area

2,088

Density / Sq Mi

$40,681

Median Household Income

$40,648

Median Earnings

$999

Median Rent

$125,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Ideal Corner Site on Springhill Ave 59,000+ - SF For Sale

Where is this residential land & home lot located?

The property is located at 2851 SpringHill Ave Mobile, AL.

What is the asking price?

The asking price for this property is $699,000.