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Former Applebee's Restaurant
For Sale
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4940 Government Blvd, Mobile, AL 36693

B-3-zoned restaurant property with Highway 90 access, a median cut, and illuminated pylon signage.

Property SizeContact for details
Days on Market144

Property Features for 4940 Government Blvd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Vallas Realty
Listed By: John P Vallas · License #AL 000048947
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 10:19PM

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

Investment Insights

Based on property information with market context.

Former Applebee’s restaurant property at 4940 Government Boulevard in Mobile, Alabama, offered for sale or lease. The site includes a large lighted pylon sign visible from Highway 90 and a median cut that provides direct access from the highway. B-3 zoning supports uses ranging from bars and restaurants to event venues.

The property is 1.8 mi from I-10 and positioned just north of the Tillman’s Corner area of South Mobile County. A VA Outpatient Clinic measuring ±65,000 SF broke ground nearby in August 2017. The University of South Alabama, with 20,500 students, faculty, and staff, is slightly over 5 mi from the property.

Key Highlights

  • Former Applebee’s restaurant property at 4940 Government Boulevard
  • B‑3 zoning supports bars, restaurants, and event venues
  • Large lighted pylon sign positioned for Highway 90 exposure

Property Analytics

Current Use

The Colonels Tavern/Colonel Dixie Restaurant The Colonels Tavern Restaurant

Suggested Use

Top Pick Law Firm Restaurant Nail Salon Grocery & Convenience Store Food Market (Bike/Boat/Book/etc) 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

366
Businesses Nearby
Under-served
Demand for This Use

Demographics for 36693, AL

18,914
Population
8,833
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,489
Density / Sq Mi
$69,580
Median Household Income
$41,328
Median Earnings
$1,090
Median Rent
$199,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - B-3-zoned restaurant property with Highway 90 access, a median cut, and illuminated pylon signage.
Where is this conventional restaurant located?
The property is located at 4940 Government Blvd Mobile, AL.
What are key features of this property?
This property features: Former Applebee’s restaurant property at 4940 Government Boulevard; B‑3 zoning supports bars, restaurants, and event venues; Large lighted pylon sign positioned for Highway 90 exposure
More about this property
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