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Midtown Mobile Retail/Office Opportunity
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Pending

150 S Ann St, Mobile, AL 36604

Former Rite Aid on high-traffic corner, suitable for retail/office.

Property Size11,000 SF
Lot Size1.38 Acres
Days on Market740

Property Features for 150 S Ann St

General Information

Standard status Pending
Size 11,000 SF
Lot size 1.38 Acres
Property subtype Retail, Office, Special Purpose
Zoning B2

Building Details

Year Built 1999
Buildings 1
Stories 1
Listing Agency: Vallas Realty
Listed By: Amber Dedeaux · License #AL 000074665
Source: Crexi
Added: Aug 23, 2024 Changed: Aug 16 Last Checked: Aug 31 at 9:32PM

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.

The property, formerly a Rite Aid, is available for sale or lease in Midtown Mobile, Alabama. Constructed in 1999, the building is approximately 11,000 square feet and sits on approximately 1.38 acres. It is located on Government Street (US Highway 90) between the intersections at Ann Street and Michigan Avenue. The site benefits from a rare double signalized corner location on a portion of Government Street that sees over 20,000 cars per day as of 2022. The property has frontage on three streets, with combined exposure to nearly 30,000 cars per day. There are two curb cuts on Ann Street and two curb cuts on Michigan Avenue. The property features approximately 308 feet of frontage on Government Street (US Highway 90), approximately 286 feet on S. Ann Street, and approximately 156 feet on Michigan Avenue. The B2 Neighborhood Business zoning allows for a multitude of users, and the building could be converted to office or retail use.

Key Highlights

  • High‑traffic location on Government Street (US Highway 90) with over 20,000 cars per day.
  • Rare double signalized corner location.
  • Frontage on three main streets with combined exposure to nearly 30,000 cars per day.

Property Analytics

Current Use

Heather B. Ortis, ... Pharmacy Jennifer Lorenz Pharmacy higi Physician

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Kitchen & Bath Showroom HVAC Service Auto Parts Store Hair Salon

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

1,239
Businesses Nearby
Well-served
Demand for This Use

Demographics for 36604, AL

8,798
Population
5,032
Households
1.7
Avg Household Size
40
Median Age
42%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
3,384
Density / Sq Mi
$60,750
Median Household Income
$37,926
Median Earnings
$892
Median Rent
$236,700
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
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Similar Off Market Nearby

  • Call Watson 900 Government St, Mobile, AL 366042402
  • Nekreida Pugh cvs pharmacy #2675, 900 government st, mobile, al 36604
  • GBG Health and Wellness Company Mobile, AL 36640
  • Angela F. Amos, RPh 251 n bayou st, mobile, al 36603
  • William P. Stewart, RPH 251 N Bayou St, Mobile, AL 36603

Frequently Asked Questions

What type of property is this?
Drug store - Former Rite Aid on high-traffic corner, suitable for retail/office.
Where is this drug store located?
The property is located at 150 S 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: High‑traffic location on Government Street (US Highway 90) with over 20,000 cars per day.; Rare double signalized corner location.; Frontage on three main streets with combined exposure to nearly 30,000 cars per day.
(251) 689-2988 Call to check price and availability
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