700 Hillcrest Rd Mobile, AL 36695
This exceptional 40-acre parcel presents a unique investment opportunity in Mobile, Alabama. Strategically located on Hillcrest Road, just south of its intersection with Airport Boulevard, the property boasts 678± feet of road frontage. The land is uniquely zoned, offering flexibility for diverse development plans. Approximately 4.6± acres are zoned B-2, Neighborhood Business District, ideal for commercial ventures such as offices or retail spaces. The remaining 35± acres are zoned R-1, Single Family Residential District, perfect for residential development, potentially multi-family housing. This prime location offers unparalleled convenience, with close proximity to essential amenities. Nearby establishments include grocery stores, Providence Hospital, medical offices, additional retail options, banks, and the University of South Alabama. The property's zoning and strategic location make it an attractive prospect for developers seeking to capitalize on the growing Mobile market. The asking price for this expansive tract is $4,395,000. The APN is 2809291000001.000. This is a rare opportunity to acquire a large, versatile property in a thriving Alabama city.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.