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    University Blvd Mobile, AL 36609

    For Sale
    $500,000

    1.47-acre commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.47-acre commercial land parcel sits at the highly visible northwest corner of University Boulevard and Grelot Road in Mobile, Alabama (zip code 36609). The property, identified by APN R022808273000052, is zoned B3 and offers significant development potential. Boasting a prime location at a signalized intersection, this elevated lot enjoys excellent visibility with over 30,000 cars passing daily. The terrain is largely flat with some wooded areas. Its proximity to Airport Boulevard further enhances its strategic value. The asking price for this exceptional opportunity is $500,000, translating to $340,136 per acre. Cash purchase is preferred. Potential uses include office and retail developments, making this a compelling investment for discerning buyers seeking a high-traffic location in a thriving Mobile County market. The property is currently vacant and ready for immediate development.

    Property Features for 0 University Blvd

    General Information

    Property type
    Land
    Lot Size
    64,033 SF

    HighLights

    • Listing ID: 30629622
    • Status: Active
    • Vacant Land: 1.47 acres for sale
    • Potential Uses: Office or retail development
    • Asking Price: $500,000
    • Price Per Acre: $340,136
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1705665
    Latitude
    30.6689376

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    FAQs

    What type of property is this?
    Land - 1.47-acre commercial land, high visibility.
    Where is this land located?
    The property is located at University Blvd Mobile, AL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Listing ID: 30629622; Status: Active; Vacant Land: 1.47 acres for sale
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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
    University Blvd Mobile, AL 36609
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