Retail Property on Dauphin Street

3165 Dauphin St, Mobile, AL

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For Sale

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Retail property for sale with redevelopment potential in Mobile, Alabama.

Type:RETAIL

Property size:

4,300 SF

Lot size:

0.61 Acres

Price / SF:

$184/SF

HighLights

High traffic count: 31,604 cars per day (2023, ALDOT)
Excellent redevelopment opportunity for retail or QSR
Prime location less than ½ mile to I‑65
Existing building with ±4,300 SF, currently leased to Sherwin Williams (±1500 SF)
Located in a high‑traffic retail and restaurant corridor
Zoned B3 - Community Business, supporting a variety of users

We can help!

Listing Contact

John P. Vallas, Jr.

For Sale

Contact for pricing

Retail property for sale with redevelopment potential in Mobile, Alabama.

Type:RETAIL

Property size:

4,300 SF

Lot size:

0.61 Acres

Price / SF:

$184/SF

Added:: Oct 1, 2024
Days on Market:: 625
Last Refresh:: May 20 at 9:03 pm

Property Features for 3165 Dauphin St

General Information

Standard status: Active
Size: 4,300 SF
Lot size: 0.61 Acres
Property subtype: RETAIL

We can help!

Listing Contact

John P. Vallas, Jr.

Listing agent John P. Vallas, Jr.

Listing office Vallas Realty, Inc.

Listing date Oct 1, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of Vallas Realty, Inc.

HighLights

High traffic count: 31,604 cars per day (2023, ALDOT)
Excellent redevelopment opportunity for retail or QSR
Prime location less than ½ mile to I‑65
Existing building with ±4,300 SF, currently leased to Sherwin Williams (±1500 SF)
Located in a high‑traffic retail and restaurant corridor
Zoned B3 - Community Business, supporting a variety of users

Overview

Located on Dauphin Street in Midtown Mobile, Alabama, this property is less than half a mile from I-65. The existing building has an area of approximately 4,300 square feet, with Sherwin Williams currently leasing approximately 1,500 square feet. The property encompasses approximately 26,675 square feet, equivalent to approximately 0.61 acres, and presents redevelopment opportunities for retail or quick-service restaurants. Traffic counts on this section of Dauphin Street reached 31,604 cars per day in 2023, according to ALDOT. The surrounding area features a mix of retail and restaurant tenants, including McDonald’s, Chick-fil-A, Bojangles, Yellowhammer Coffee, Checkers, Krystal, Jersey Mike’s, and Foosackly’s, among others. The property is zoned B3 - Community Business, which accommodates a variety of users.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$85.1k	$19.80
− Vacancy	−$3.8k	−$0.89
EGI	$81.3k	$18.91
− OpEx	−$24.4k	−$5.67
NOI	$56.9k	$13.24

4,300 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$813.1K

$711.5K – $948.6K (±1% cap)

NOI $56,916 @ 7.0% cap · market cap 7.16%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.09M

$956.3K – $1.28M (±1% cap)

NOI $76,504 @ 7.0% cap · market cap 9.62%

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

Property Profile Location Intelligence

Current Use by Public Records

Fuhler Richard MD Physician

Suggested Use

Location Insight

Map
Local Demand

City: Mobile
County: Mobile
State: Alabama
Longitude: -88.1211
Latitude: 30.6885

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For sale
Retail space
AL
Mobile
3165 Dauphin St

What type of property is this?

Retail space - Retail property for sale with redevelopment potential in Mobile, Alabama.

Where is this retail space located?

The property is located at 3165 Dauphin St Mobile, AL.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: High traffic count: 31,604 cars per day (2023, ALDOT); Excellent redevelopment opportunity for retail or QSR; Prime location less than ½ mile to I‑65

3165 Dauphin St, Mobile, AL

Retail property for sale with redevelopment potential in Mobile, Alabama.

Property Features for 3165 Dauphin St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Strip Center with Fenced Playground

Multi-Tenant Office Building For Sale

Freestanding Medical Office on Hillcrest

Multi-Suite Office Building

Medical Office Building

Two Triplex Buildings

Retail Cottage with Flexible Use

Updated Office Complex in Mobile

Mobile Office Building For Sale

Midtown 9-Unit Apartment Complex

Six-Unit Apartment Income Building

Former Pizza Hut Restaurant Building

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