3531 Halls Mill Rd Mobile, AL 36693
This exceptional 44.88-45.28 acre parcel presents a unique investment opportunity in Mobile, Alabama. Strategically located just south of I-65 Exit 1, with convenient access via Halls Mill Road, connecting to the West I-65 Service Road and Government Boulevard. The property boasts excellent visibility from I-65 and Halls Mill Road, situated near the burgeoning Mobile County Sportsplex, featuring soccer fields and a future aquatic center (construction slated for early 2025). This proximity ensures high traffic volume from local and out-of-town visitors attending sporting events. The land is zoned dual-use: R-1 (Single Family Residential) on the west side and B-3 (Community Business) on the east side facing I-65, offering diverse development potential. While approximately 80% of the parcel consists of wetlands, feasibility studies suggest development of roughly half the property is possible, potentially requiring a 15-18 acre wetlands impact and a 2-3 foot undercut. The asking price is $1,575,000, translating to approximately $30,000 per acre. The property's APN is 3202060003002 and 3202060002010. This location offers unparalleled access to major interstates I-65 and I-10, making it an ideal site for various commercial and residential ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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