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    152 Schillinger Rd Mobile, AL 36608

    Sponsored
    For Sale
    $225,000

    High-Traffic Corner Lot, Ready to Develop

    Property size:
    1,848 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.45-acre commercial lot, located at 152 Schillinger Rd in Mobile, Alabama (zip code 36608), presents a unique investment opportunity. Priced at $225,000 ($500,000/acre), this single-story, 1,848 square foot property sits on a signalized corner in a rapidly expanding area. The B-3 zoning permits a variety of commercial uses. The lot is already cleared and prepared for immediate development, minimizing upfront costs. An existing lease conveys with the property, generating sufficient income to cover annual property taxes, making this a low-risk, high-reward investment. The high-traffic location on Schillinger Road ensures excellent visibility and accessibility for any future business. This is an ideal opportunity for investors seeking a strong return on investment in a prime Mobile location. The property's strategic position at a signalized intersection guarantees maximum exposure to a large volume of daily traffic. This turnkey investment offers the potential for significant appreciation and rental income, making it an attractive option for both experienced and new investors. The existing lease provides immediate cash flow, mitigating risk and ensuring a stable return. Don't miss this chance to secure a prime commercial property in a thriving Mobile neighborhood.

    Property Features for 152 Schillinger Rd

    General Information

    Property type
    Land
    Square Feet
    1,848 SF
    Lot Size
    19,602 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Asking price: $225,000
    • Retail land property with single tenancy, totaling 1,848 square feet on a 0.45‑acre lot.
    • Price per square foot: $11.48; Land value: $500,000 per acre.
    • One single‑story building, zoned B‑3.
    • Located at 152 Schillinger Rd, Mobile, AL 36608, on a signalized corner in a rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.225151
    Latitude
    30.6936893

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    FAQs

    What type of property is this?
    Land - High-Traffic Corner Lot, Ready to Develop
    Where is this land located?
    The property is located at 152 Schillinger Rd Mobile, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Asking price: $225,000; Retail land property with single tenancy, totaling 1,848 square feet on a 0.45-acre lot.; Price per square foot: $11.48; Land value: $500,000 per acre.
    Request Owner's contact information
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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
    152 Schillinger Rd Mobile, AL 36608
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