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    2851 Spring Hill Ave Mobile, AL 36607

    Sponsored
    For Sale
    $699,000

    High-traffic corner lot, Mobile, AL

    Property size:
    59,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 59,000+-square-foot commercial property, located at 2851 SpringHill Ave in Mobile, Alabama (zip code 36607, Mobile County), presents a unique investment opportunity. Situated on a high-visibility corner lot, this multi-use property is zoned B-3 Commercial and offers significant potential for a variety of businesses. Currently featuring four fully leased houses, the site is ideal for retail, fast-food establishments, auto parts stores, or similar ventures. The asking price is $699,000, translating to $11.85 per square foot. This property's versatility is further enhanced by the owner's willingness to build to suit qualified prospects, making it an attractive option for those seeking a customized space. The property's location in the Crichton area ensures high traffic volume and excellent visibility. The existing lease income from the four houses provides immediate cash flow, while the expansive size and flexible zoning allow for a wide range of development possibilities. This presents a strong potential for a 1031 exchange. The APN is R022908181003089.01. This is a multi-tenant property with a variety of permitted uses including convenience store, gas station, restaurant, and car wash.

    Property Features for 2851 Spring Hill Ave

    General Information

    Property type
    Government properties
    Square Feet
    59,000 SF

    HighLights

    • 59,000+-SF corner lot at 2851 SpringHill Ave, Mobile, AL (36607), ideal for retail, fast food, or auto parts.
    • 1031 exchange opportunity.
    • Four fully leased houses currently on site providing immediate cash flow.
    • B‑3 Commercial zoning.
    • Owner will build to suit qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.108378
    Latitude
    30.698198

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    FAQs

    What type of property is this?
    Government property - High-traffic corner lot, Mobile, AL
    Where is this government property located?
    The property is located at 2851 Spring Hill Ave Mobile, AL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 59,000+-SF corner lot at 2851 SpringHill Ave, Mobile, AL (36607), ideal for retail, fast food, or auto parts.; 1031 exchange opportunity.; Four fully leased houses currently on site providing immediate cash flow.
    Request Owner's contact information
    2851 Spring Hill Ave Mobile, AL 36607
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    Mobile, AL 36607
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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
    2851 Spring Hill Ave Mobile, AL 36607
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