Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    150 Ann St Mobile, AL 36604

    Sponsored
    For Sale
    $1,495,000

    11,000 SF Vacant Building, High Traffic

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 11,000-square-foot, single-story building, constructed in 1999, is situated on a 1.38-acre lot in Mobile, Alabama's Midtown area. The property boasts a prime location at a double-signalized intersection on Government Street (US Highway 90), a high-traffic thoroughfare with over 20,000 cars daily (2022 data). Its strategic position offers exceptional visibility and accessibility, with frontage on three major Mobile streets—Government Street, Ann Street, and Michigan Avenue—resulting in combined exposure to nearly 30,000 vehicles daily. The building, formerly a Rite Aid, is currently vacant and offers significant flexibility. With B2 Neighborhood Business zoning, it's adaptable for various uses, including office or retail spaces. The property features two curb cuts on Ann Street and two on Michigan Avenue, enhancing convenience and accessibility. The extensive frontage includes over 1308 linear feet on Government Street, 286 feet on Ann Street, and 156 feet on Michigan Avenue. The asking price is $1,495,000, translating to $135.91 per square foot. The property's APN is R022910223003001.000. This exceptional location and versatile building present a rare investment opportunity in a thriving Mobile neighborhood.

    Property Features for 150 Ann St

    General Information

    Property type
    Restaurants
    Square Feet
    11,000 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    HighLights

    • $1,495,000 asking price for a vacant, 11,000 square foot building.
    • Former Rite Aid location in Midtown Mobile, Alabama.
    • High‑traffic corner location with double signalized intersection on Government Street (US Highway 90), offering significant visibility.
    • 11,000 square feet, built in 1999, situated on a 1.38‑acre lot.
    • B2 zoning allows for diverse uses, including office or retail conversion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heather B. Ortis, ... Pharmacy Jennifer Lorenz Pharmacy higi Health Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.067101494804
    Latitude
    30.681531611428

    Nearby Similar for Sale

    • $1,249,000
      0.03 Acres

      Renovated Mixed-Use Downtown Mobile Property

      Renovated mixed-use property in Mobile's central business district.
      7 Royal St N, Mobile, AL 36602
      View Details
    • New
      $189,000
      2.09 Acres

      Waterfront Property on Dog River

      2.09 acres with 382' waterfront on Dog River.
      1620 Martin Dr W, Mobile, AL 36605
      View Details
    • $2,100,000
      1.48 Acres

      Church/Sports Facility Near USA Campus

      Church or sports-related business opportunity near the University of South Alabama.
      06819 Old Shell Rd, Mobile, AL 36608
      View Details
    • $388,600
      0.13 Acres

      Downtown Mobile Mixed-Use Property

      Office or residential property in walkable downtown Mobile, Alabama.
      605 St Francis St, Mobile, AL 36602
      View Details
    • $204,000
      0.29 Acres

      Income-Generating Triplex in Eight Mile

      Triplex with long-term tenants, immediate cash flow, and investment potential.
      4572 Myers Rd, Mobile, AL 36613
      View Details
    • $390,000
      0.57 Acres

      New Construction Duplex Investment Opportunity

      New construction duplex in Mobile, AL, ideal for investors.
      3475 Denmark Rd, Mobile, AL 36618
      View Details
    • $475,000
      0.58 Acres

      Commercial Property with Established Tenant

      Commercial property with established tenant, ideal for healthcare investment.
      805 Downtowner Loop W, Mobile, AL 36609
      View Details
    • $725,000
      0.63 Acres

      Updated Office Investment Opportunity

      Class A office complex in a desirable commercial corridor.
      1100 Hillcrest Rd, Mobile, AL 36695
      View Details
    • $475,000
      3.35 Acres

      Waterfront Property in Gated Community

      Waterfront property on Dog River with pier and dock.
      2637 Robin Hood Dr, Mobile, AL 36605
      View Details
    • $2,100,000
      2.58 Acres

      Church Near University of South Alabama

      Church property near USA campus, ideal for visionary ministry.
      53 Foreman Rd, Mobile, AL 36608
      View Details
    • $425,000
      0.83 Acres

      Updated Commercial Building with Metal Building

      Versatile commercial building with offices, conference room, and metal building.
      7970 Tanner Williams Rd, Mobile, AL 36608
      View Details
    • $169,900
      0.34 Acres

      Former Restaurant Building For Sale

      Former restaurant with industry-grade equipment in high-traffic area.
      3450 Demetropolis Rd, Mobile, AL 36693
      View Details

    FAQs

    What type of property is this?
    Restaurant - 11,000 SF Vacant Building, High Traffic
    Where is this restaurant located?
    The property is located at 150 Ann St Mobile, AL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: $1,495,000 asking price for a vacant, 11,000 square foot building.; Former Rite Aid location in Midtown Mobile, Alabama.; High-traffic corner location with double signalized intersection on Government Street (US Highway 90), offering significant visibility.
    Request Owner's contact information
    150 Ann St Mobile, AL 36604
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    150 Ann St
    Mobile, AL 36604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Ann St Mobile, AL 36604
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.