Property summary
This 1.81-acre prime development site, located in Mobile, Alabama, presents a unique investment opportunity. Currently zoned B-3, this outparcel to the high-performing Springdale Mall boasts exceptional visibility and accessibility at the intersection of Airport Boulevard (55,000 vehicles per day) and Interstate-65 (92,000 vehicles per day). The site benefits from a signalized access point and abundant on-site parking, further enhanced by a cross-access easement with the Springdale Shopping Center. The existing structure is being demolished by the seller, paving the way for immediate development. This location is part of a thriving retail corridor with a low 4.5% vacancy rate, anchored by a top-performing Sam's Club and surrounded by national retailers including Lowe's, Walmart, ALDI, Target, Marshalls, and ULTA. Springdale Mall itself is a top 2% most visited shopping center in the state, attracting 5.5 million annual visitors. The site's strategic location also benefits from a large population base (145,000 within a 5-mile radius) and proximity to a significant student population (19,700 college students within 4 miles). The 2,840 square foot building footprint offers flexibility for various retail uses, including convenience stores, quick-service restaurants, and storefronts. This property offers unparalleled potential for significant return on investment in a high-demand market. The asking price is $1,855,250.
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