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    Airport Blvd Mobile, AL 36606

    For Sale
    $1,855,250

    1.81 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This 1.81-acre prime development site, located in Mobile, Alabama, presents a unique investment opportunity. Currently zoned B-3, this outparcel to the high-performing Springdale Mall boasts exceptional visibility and accessibility at the intersection of Airport Boulevard (55,000 vehicles per day) and Interstate-65 (92,000 vehicles per day). The site benefits from a signalized access point and abundant on-site parking, further enhanced by a cross-access easement with the Springdale Shopping Center. The existing structure is being demolished by the seller, paving the way for immediate development. This location is part of a thriving retail corridor with a low 4.5% vacancy rate, anchored by a top-performing Sam's Club and surrounded by national retailers including Lowe's, Walmart, ALDI, Target, Marshalls, and ULTA. Springdale Mall itself is a top 2% most visited shopping center in the state, attracting 5.5 million annual visitors. The site's strategic location also benefits from a large population base (145,000 within a 5-mile radius) and proximity to a significant student population (19,700 college students within 4 miles). The 2,840 square foot building footprint offers flexibility for various retail uses, including convenience stores, quick-service restaurants, and storefronts. This property offers unparalleled potential for significant return on investment in a high-demand market. The asking price is $1,855,250.

    Property Features for 0 Airport Blvd

    General Information

    Property type
    Individual retail properties
    Lot Size
    78,844 SF

    HighLights

    • 1.81‑acre prime development site in Mobile, AL; existing structure to be demolished by seller.
    • Outparcel to Springdale Mall, a top‑performing power center anchored by Sam's Club, receiving 5.5 million annual visits.
    • High‑visibility location at the signalized intersection of Airport Blvd (55,000 VPD) and I‑65 (92,000 VPD).
    • Strong submarket with a low 4.5% vacancy rate.
    • Ample on‑site parking and cross‑access easement with Springdale Shopping Center.
    • Proximity to national retailers including Lowe's, Walmart, Target, and more.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.12686027
    Latitude
    30.67916135

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    FAQs

    What type of property is this?
    Individual retail property - 1.81 Acres, High-Traffic Location
    Where is this individual retail property located?
    The property is located at Airport Blvd Mobile, AL.
    What is the asking price?
    The asking price for this property is $1,855,250.
    What are key features of this property?
    This property features: 1.81-acre prime development site in Mobile, AL; existing structure to be demolished by seller.; Outparcel to Springdale Mall, a top-performing power center anchored by Sam's Club, receiving 5.5 million annual visits.; High-visibility location at the signalized intersection of Airport Blvd (55,000 VPD) and I-65 (92,000 VPD).
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    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
    Airport Blvd Mobile, AL 36606
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