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    1956 University Blvd Mobile, AL 36609

    For Lease
    $15 SF/Yr

    High-visibility retail space, fully vacant, 20,466 sq ft.

    Lot size:
    20,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional retail property, located at 1956 S University Blvd in Mobile, Alabama, presents a unique investment opportunity. The single-story building boasts a substantial 20,466 square feet of entirely vacant space, ready for immediate occupancy. Situated on a generous 2.88-acre lot, the property offers excellent visibility and accessibility. Its prime location at the corner of Cottage Hill and University Boulevard places it within a Walmart Neighborhood Market anchored center, ensuring high traffic and strong consumer presence. The property's single-building structure simplifies management and operation. The building's retail zoning allows for a wide range of commercial uses, making it suitable for various business ventures. With its ample square footage and strategic location in Mobile County, this property is ideal for businesses seeking a prominent presence in a thriving retail market. The property's size and location offer significant potential for growth and return on investment. The address is 1956 S University Blvd, Mobile, AL 36609. The property consists of one building with a total of 20,466 square feet, all currently vacant. The lot size is 2.88 acres.

    Property Features for 1956 University Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,466 SF
    Total Rate
    25582.5

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    5212-D
    Size
    1,200 SF
    Rate per SF
    $15

    HighLights

    • 20,466 SF vacant retail building in Mobile, AL.
    • Located on a 2.88‑acre lot at the corner of Cottage Hill Rd and University Blvd.
    • Excellent visibility and accessibility in a Walmart‑anchored center.
    • Single‑story building simplifies management.
    • Retail zoning allows for diverse commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banyan Electric Electrician E WING HOUSE Chicken Wings Restaurant Ming's Wireless - iPhone ... Phone Repair Service Katrina's Grooming Salon Pet Groomer We Buy Houses ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -88.1621802
    Latitude
    30.6498772

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space, fully vacant, 20,466 sq ft.
    Where is this retail property located?
    The property is located at 1956 University Blvd Mobile, AL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 20,466 SF vacant retail building in Mobile, AL.; Located on a 2.88-acre lot at the corner of Cottage Hill Rd and University Blvd.; Excellent visibility and accessibility in a Walmart-anchored center.
    Request Owner's contact information
    1956 University Blvd 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
    1956 University Blvd Mobile, AL 36609
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