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    602 Azalea Rd Mobile, AL 36609

    For Sale
    $1,100,000

    17,985 SF Vacant Retail/Warehouse

    Property size:
    17,985 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 17,985-square-foot retail/warehouse property in Mobile, Alabama, presents a significant investment opportunity. Located at 602 Azalea Rd, 36609, this single-story, 1987-built building sits on a 1.26-acre lot and boasts ±240 feet of frontage on Azalea Road, a high-traffic area with 13,628 vehicles per day (2022 data). The property is zoned B3 and features a ±8,062 square foot retail space divisible into four storefronts, each with its own restrooms and access. The adjacent ±9,923 square foot warehouse includes two 12-foot ground-level roll-up doors, 14-foot eave height, and a 20-foot center height. Currently vacant, this REO property offers immense potential for various uses, including office, retail, or warehouse operations. The asking price is $1,100,000, translating to $61.16 per square foot. This prime location and versatile space make it an ideal investment for savvy buyers seeking high-return potential in a thriving Mobile market. The property's size and configuration offer flexibility for a variety of business models. Don't miss this chance to acquire a substantial commercial property in a high-demand area.

    Property Features for 602 Azalea Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    17,985 SF
    Lot Size
    54,886 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    1

    HighLights

    • $1,100,000 asking price for a vacant storefront.
    • 17,985 square feet of retail space.
    • $61.16 per square foot.
    • Located at 602 Azalea Rd, Mobile, AL 36609.
    • 1.26‑acre lot size.
    • REO property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FLC Living Property Management Company Sonny Callahan & Associates Business Management Consultant Not Just Dorms Bedding Store

    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
    -88.147763302123
    Latitude
    30.656692627599

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    FAQs

    What type of property is this?
    Individual retail property - 17,985 SF Vacant Retail/Warehouse
    Where is this individual retail property located?
    The property is located at 602 Azalea Rd Mobile, AL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for a vacant storefront.; 17,985 square feet of retail space.; $61.16 per square foot.
    Request Owner's contact information
    602 Azalea Rd Mobile, AL 36609
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    Mobile, AL 36609
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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
    602 Azalea Rd Mobile, AL 36609
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