16871 Dauphin Island Pkwy Coden, AL 36523
- Investment properties
- 3,669 SF
- 1.86 lot acres
Current Use by Public Records
- Investment properties
Property Details for 16871 Dauphin Island Pkwy
- Year built
- 1985
- Lot size
- 1.86 lot acres
- Property size
- 3,669 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 48 06 24 0 000 001.001
- APU
- 4806240000001001
Description
This exceptional mixed-use property, located at 16871 Dauphin Island Parkway in Coden, Alabama, presents a unique investment opportunity. Boasting 3,669 square feet on a 1.85-acre lot, this two-story building offers significant waterfront access with 763 feet of frontage and over 1,100 feet of additional frontage across the street. The property includes existing boat ramps, docks, and a bulkhead providing convenient access to the bay. The expansive waterfront allows for potential expansion, including additional structures or water amenities to cater to the needs of fishing enthusiasts and water recreation. The current configuration lends itself to various business ventures, such as a restaurant, seafood market, or boat slip rentals. Its prime location, just 10 minutes from Dauphin Island, ensures high traffic and a steady stream of potential customers. The recently completed Causeway Restoration Project enhances the property's value and protects the surrounding environment. This significant coastal restoration project further solidifies the area's appeal and long-term stability. The sale includes all existing equipment, inventory, and a boat, making this a turnkey operation ready for immediate income generation. All potential buyers are responsible for independently verifying all information, including zoning, deed restrictions, and local regulations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $370,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $350,000
- Mixed-Use
- $310,000
- Hospitality
- $320,000
- Educational
- $335,000
- Residential Income
- $315,000
- Energy
- $300,000
- Income-Based Land
- $360,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Coden
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1262
- Latitude
- 30.3412
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA