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Property profile & analytics
FOR LEASE
Strip malls

1956 S University Blvd Mobile, AL 36609

0.96 ac lot
Entity Owned Free & Clear
Property ID
US03-0931597
Property summary
AI-generated overview

This exceptional retail property, located at 1956 S University Blvd in Mobile, Alabama, presents a unique investment opportunity. The single-story building boasts a substantial 20,466 square feet of entirely vacant space, ready for immediate occupancy. Situated on a generous 2.88-acre lot, the property offers excellent visibility and accessibility. Its prime location at the corner of Cottage Hill and University Boulevard places it within a Walmart Neighborhood Market anchored center, ensuring high traffic and strong consumer presence. The property's single-building structure simplifies management and operation. The building's retail zoning allows for a wide range of commercial uses, making it suitable for various business ventures. With its ample square footage and strategic location in Mobile County, this property is ideal for businesses seeking a prominent presence in a thriving retail market. The property's size and location offer significant potential for growth and return on investment. The address is 1956 S University Blvd, Mobile, AL 36609. The property consists of one building with a total of 20,466 square feet, all currently vacant. The lot size is 2.88 acres.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Lot 0.96 ac (41,861 SF)
APN 28 08 34 4 002 068.004
UPID US03-0931597
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Banyan Electric Electrical Service General Contractor
  • E WING HOUSE Restaurant
  • Ming's Wireless - iPhone Repair Service Computer & Electronic Repair Tech Support Center
  • Katrina's Grooming Salon Pet Grooming Service
  • We Buy Houses in Mobile AL and Baldwin Co. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
HC20WS LLC
HC20WS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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