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    3941 Airport Blvd Mobile, AL 36608

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    Contact for pricing

    8,226 SF Vacant Restaurant - Mobile, AL

    Property size:
    8,226 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 8,226 square foot vacant restaurant space presents a unique investment opportunity in Mobile, Alabama. Located at 3941 Airport Boulevard, this fee-simple property boasts a prime location on a high-traffic corridor, with Airport Boulevard seeing 62,600 vehicles per day and Interstate 65 boasting 96,600 vehicles per day. The property sits on a 1.64-acre lot and includes 145 parking spaces, ensuring ample convenience for patrons. Built in 2005, the building is zoned B-2 - Neighborhood Business, offering flexibility for a variety of restaurant concepts. The property's strategic location benefits from proximity to significant retail centers, including McGregor Square (193,000 square feet), Festival Centre (398,000 square feet), and Springdale (662,000 square feet), further enhancing its appeal and potential for success. The strong demographics within a 5-mile radius provide a robust customer base. This former Red Lobster location offers a turnkey opportunity for an experienced restaurateur or a developer seeking a high-visibility site in a thriving commercial area. The property's size, parking, and zoning make it an ideal candidate for a variety of restaurant concepts. The parcel number is 28 07 26 1 000 009.XXX. This is a rare chance to acquire a well-situated, substantial restaurant property in a high-demand location.

    Property Features for 3941 Airport Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    8,226 SF
    Lot Size
    71,438 SF

    Building Details

    Year Built
    2005

    HighLights

    • Neighborhood Commercial Zoning.
    • High‑traffic location on Airport Blvd (62,600 VPD) and I‑65 (96,600 VPD).
    • Proximity to major retail centers: McGregor Square (193,000 SF), Festival Centre (398,000 SF), and Springdale (662,000 SF), situated on a primary retail corridor.
    • Strong demographics within a 5‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1460803
    Latitude
    30.6756212

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    FAQs

    What type of property is this?
    Restaurant - 8,226 SF Vacant Restaurant - Mobile, AL
    Where is this restaurant located?
    The property is located at 3941 Airport Blvd Mobile, AL.
    What are key features of this property?
    This property features: Neighborhood Commercial Zoning.; High-traffic location on Airport Blvd (62,600 VPD) and I-65 (96,600 VPD).; Proximity to major retail centers: McGregor Square (193,000 SF), Festival Centre (398,000 SF), and Springdale (662,000 SF), situated on a primary retail corridor.
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    3941 Airport Blvd Mobile, AL 36608
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    Mobile, AL 36608
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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
    3941 Airport Blvd Mobile, AL 36608
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