Pharmacy
19390 Highway 43, Mount Vernon, AL 36560
For Sale
$269,900
Commercial Sale, Mount Vernon, AL
Property Size2,027 SF
Lot Size0.45 Acres
Price / SF$133.15
Days on Market362
Property Features for 19390 Highway 43
General Information
Property type
Property subtype
Parking
Parking features
Interior features
Lot features
View
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Realty Executives Bay Group · Realty Executives International
(251) 679-9998
Listed By:
James Henderson · License AL 91867-1
(251) 447-4848
Added: Nov 18, 2025
Changed: Oct 21
Last Checked: Nov 14 at 1:06AM
MLS# 7683023
Copyright © 2026 Mobile Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,027-square-foot brick building was constructed in 1976 and previously housed a family-operated pharmacy. Interior features include restrooms and ceramic tile flooring, with central heating and air conditioning. The property also has a flat roof and a parking lot.
The 0.4514-acre parcel sits at the corner of Highway 43 N and Mildred St. in Mount Vernon. Public water and sewer are available.
The 0.4514-acre parcel sits at the corner of Highway 43 N and Mildred St. in Mount Vernon. Public water and sewer are available.
Key Highlights
- 2,027‑square‑foot building on a 0.4514‑acre parcel
- Former family‑operated pharmacy
- Corner of Highway 43 N and Mildred St. in Mount Vernon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,235
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,700
$464.7K
Cap Rate 7%
$331,929
$331.9K
Cap Rate 9%
$258,167
$258.2K
Market Conditions
NOI Build-Up for 2,027 SF
Gross rent
$34.5K $17.04/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$33.2K $16.38/SF
− OpEx
−$10.0K −$4.91/SF
NOI
$23.2K $11.46/SF
Area
Mobile County, AL
Vacancy
3.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,700
Cap Rate 7%
$331,929
Cap Rate 9%
$258,167
Alternative Uses
Best Use
Retail
$331.9K
$290.4K – $387.3K
NOI $23,235 @ 7.0% cap · market cap 8.61%
Second Best
Specialty Retail
$304.6K
$266.5K – $355.4K
NOI $21,322 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$499.4K
$437.0K – $582.7K
NOI $34,959 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36560, AL
3,418
Population
1,264
Households
2.7
Avg Household Size
42
Median Age
14%
College-Educated
74%
High-School Grad
60.2 sq mi
ZIP Area
57
Density / Sq Mi
$43,043
Median Household Income
$35,494
Median Earnings
$1,009
Median Rent
$111,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lisa Young, PharmD — 725 Coy Smith Hwy, Mt Vernon, AL 36560
- Mt Vernon Pharmacy — 19390 US-43, Mt Vernon, AL 36560
Frequently Asked Questions
What type of property is this?
Drug store - Central heating and air conditioning serve a former neighborhood pharmacy at a signalized corner location.
Where is this drug store located?
The property is located at 19390 Highway 43 Mount Vernon, AL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,027‑square‑foot building on a 0.4514‑acre parcel; Former family‑operated pharmacy; Corner of Highway 43 N and Mildred St. in Mount Vernon
