740 Museum Dr Mobile, AL 36608

Listing agency Matthews d***@matthews.com Show Phone

Listed by Drew Boroughs · License #TX 726278

Source Crexi

Added: Apr 11 Updated: Jul 23 at 3:57AM Checked: Jul 23 at 3:57AM

Report an Issue

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 Matthews

---

Investment Insights

Based on property information with market context.

Park Center is a shopping center offering approximately 42,440 square feet on a 3.35-acre lot, currently 94.1% occupied. The property includes recent capital improvements such as facade upgrades, a porte cochere added to the anchor tenant space, luxury landscaping in the parking lot, and upscale interior finishes. Tenancy is structured on NN+ leases intended to help minimize landlord expenses, and the center’s current rent profile is described as below-market, supporting the opportunity to increase income.

The property is located at 740 Museum Dr in Mobile, Alabama, positioned between Spring Hill Ave and Museum Drive with daily traffic reported at approximately 26,000 vehicles. It is less than 2 miles from Interstate 65 and provides convenient access to downtown Mobile.

ACE Hardware is identified as the anchor tenant, having signed a brand-new five-year lease and opened for operations in April 2023. The other major tenant is described as a national medical office tenant, providing a long-term source of rental income.

Key Highlights

• 740 Museum Dr, Mobile, AL 36608: 42,440 SF on a 3.35‑acre lot with 94.1% occupancy
• Anchored by ACE Hardware with a brand‑new 5‑year lease signed and opened for operations in April 2023
• Second major tenant is a national medical office tenant under NN+ leases

Property Analytics

Location Intelligence

Similar For Sale Nearby

• 

  $649,500

  8,142 SF

  Retail Strip Center with Vacant Units

  Strip center includes a current tenant space plus multiple vacant retail units, one configured for a hair salon.

  6417 Hillcrest Park Court, Mobile, AL 36695

  View Details
• 

  $425,000

  5,812 SF

  Mixed-Use Commercial Building

  Versatile office and retail building on a sizable lot with parking space in the B-3 zoning district.

  2951 Mill Street, Mobile, AL 36607

  View Details
• 

  $635,000

  6,750 SF

  Multi-Tenant Office Building

  Seven-suite, glass-front office building is fully leased and includes reception areas, private offices, kitchenettes, and parking.

  4080 Government Boulevard, Mobile, AL 36693

  View Details
• 

  $1,650,000

  5,000 SF

  Retail Car Lot with B-3 Zoning

  Large car lot property offered for sale with B-3 zoning and frontage on heavily traveled Schillinger Road.

  110 Schillinger Rd S, Mobile, AL 36608

  View Details
• 

  $899,900

  5,409 SF

  Freestanding Medical Office on Hillcrest

  Medical office building on high-traffic Hillcrest Road.

  1605 Hillcrest Road, Mobile, AL 36695

  View Details
• 

  $140,000

  1,711 SF

  Office Building with Private Offices

  Well-maintained office building with private offices, reception/waiting areas, a kitchenette, restrooms, and on-site parking.

  1401 Springhill Avenue, Mobile, AL 36604

  View Details
• 

  $225,000

  1,820 SF

  Office Building with Multiple Private Rooms

  Commercial office building with multiple private rooms, common areas, restrooms, and ample parking on Spring Hill Avenue.

  1403 Springhill Avenue, Mobile, AL 36604

  View Details
• 

  $375,000

  6,320 SF

  Multi-Suite Office Building

  6,320 SF office building offers three suites with separate entrances and flexible floor plan options.

  3512 Godwin Court, Mobile, AL 36693

  View Details
• 

  $289,900

  1,204 SF

  Live-Work Salon Property

  One-bedroom live-work suite operating as a salon, positioned for storefront-style access near a major intersection.

  7805 Terry Drive, Mobile, AL 36695

  View Details
• 

  $1,100,000

  5,800 SF

  Car Wash on High-Traffic Corridor

  Specialty car wash property with redevelopment potential in West Mobile.

  1066 Hillcrest Rd, Mobile, AL 36695

  View Details
• 

  $1,575,000

  4,358 SF

  Schillinger Road Commercial Opportunity

  5.66+/- acres with a 4,358 SF building for sale.

  751 Schillinger N Road, Mobile, AL 36608

  View Details
• 

  $899,900

  5,056 SF

  Freestanding Medical Office on Hillcrest

  West Mobile medical office building with high-visibility and convenient access.

  1605 Hillcrest Road, Mobile, AL 36695

  View Details

Similar Off Market Nearby

• Coinstar Kiosk | Bitcoin ATM — 4350 Old Shell Rd, Mobile, AL 36608
• The Sanctuary at Spring Hill — 3850 Old Shell Rd, Mobile, AL 36608
• McGregor Springs — 3807 SpringHill Ave, Mobile, AL 36608
• Spring Hill Village Shopping Center — 4358 Old Shell Rd, Mobile, AL 36608

FAQs

What type of property is this?

Shopping center - Park Center offers 94.1% occupancy anchored by ACE Hardware and a national medical office tenant with recent capital improvements.

Where is this shopping center located?

The property is located at 740 Museum Dr Mobile, AL.

What are key features of this property?

This property features: 740 Museum Dr, Mobile, AL 36608: 42,440 SF on a 3.35‑acre lot with 94.1% occupancy; Anchored by ACE Hardware with a brand‑new 5‑year lease signed and opened for operations in April 2023; Second major tenant is a national medical office tenant under NN+ leases