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3073-3083 W Pierpoint Dr Mobile, AL 36606

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For Sale
$799,000

School building with long-term tenant in place.

Property size:
5,839 SF
Lot size:
0.44 Acres

Property Features for 3073-3083 W Pierpoint Dr

General Information

Size
5,839 SF
Lot size
0.44 Acres

Source: The Weavil Company, LLC Agent Cameron Weavil, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

School Building For Sale

This property is a school building currently leased to Azalea City Montessori School. The building size is approximately 5,839 square feet. The current rent is $67,980 per year, with a lease type of NNN, where the landlord is responsible for the roof and structure. The base lease term is seven years, expiring on June 30, 2029, and includes 3% annual rent escalations. There is one five-year renewal option available at $78,807 per year. The zoning is B-2, and the transaction type is Fee Simple.
Location Intelligence

Current Use by Public Records

Schools

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Mobile
County
Mobile
State
Alabama
Longitude
-88.11678
Latitude
30.68757

FAQs

What type of property is this?
School - School building with long-term tenant in place.
Where is this school located?
The property is located at 3073-3083 W Pierpoint Dr Mobile, AL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: - High Cap Rate: 8.5%; - Long-Term Tenant: Azalea City Montessori School; - NNN Lease: Landlord responsible for roof and structure only
More about this property
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