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    306 University Blvd Mobile, AL 36609

    For Lease
    $6 SF/Yr

    Mobile Retail Strip Center: 15,000 SF Available

    Lot size:
    95,512 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Regency Square Shopping Center presents a prime retail investment opportunity in Mobile, Alabama. This multi-tenant strip center boasts a total of 95,512 square feet, with 15,000 square feet currently available for lease. The property is strategically located at the signalized intersection of Airport Boulevard and University Boulevard, offering exceptional visibility and accessibility. Its prime location places it in close proximity to the University of South Alabama, ensuring a consistent flow of students and young professionals. The surrounding area is densely populated with affluent residents, creating a strong customer base for potential tenants. The center is also conveniently situated between Mobile's two major retail hubs, providing easy access to a wider market. The property sits on a substantial 366,000 square foot lot and is zoned B-3, allowing for a variety of retail uses. The existing tenant mix includes a diverse range of both local and national retailers and restaurants, creating a vibrant and attractive shopping environment. This is an exceptional opportunity to acquire a well-positioned retail space in a thriving Mobile market. The property's APN is 2808272002002.06. Don't miss this chance to secure a prominent location in a high-traffic area with significant growth potential.

    Property Features for 306 University Blvd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    95,512 SF
    Total Rate
    47756

    Unit(s) available at that property

    Space
    Available Space
    Size
    15,000 SF
    Rate per SF
    $6

    HighLights

    • Retail strip center totaling 95,512 square feet.
    • 15,000 square feet of vacant space available.
    • Situated on a 366,000 square foot lot.
    • B‑3 zoning designation.
    • APN: 2808272002002.06.
    Property Profile Location Intelligence

    Current Use by Public Records

    Piggly Wiggly University Grocery Store Flying Pig Coffee ... Coffee Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1719761
    Latitude
    30.6742298

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    FAQs

    What type of property is this?
    Neighborhood center - Mobile Retail Strip Center: 15,000 SF Available
    Where is this neighborhood center located?
    The property is located at 306 University Blvd Mobile, AL.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Retail strip center totaling 95,512 square feet.; 15,000 square feet of vacant space available.; Situated on a 366,000 square foot lot.
    Request Owner's contact information
    306 University Blvd 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
    306 University Blvd Mobile, AL 36609
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