0 University Blvd Mobile, AL 36609
This exceptional 1.47-acre commercial land parcel sits at the highly visible northwest corner of University Boulevard and Grelot Road in Mobile, Alabama (zip code 36609). The property, identified by APN R022808273000052, is zoned B3 and offers significant development potential. Boasting a prime location at a signalized intersection, this elevated lot enjoys excellent visibility with over 30,000 cars passing daily. The terrain is largely flat with some wooded areas. Its proximity to Airport Boulevard further enhances its strategic value. The asking price for this exceptional opportunity is $500,000, translating to $340,136 per acre. Cash purchase is preferred. Potential uses include office and retail developments, making this a compelling investment for discerning buyers seeking a high-traffic location in a thriving Mobile County market. The property is currently vacant and ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.