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Property profile & analytics
FOR SALE
Grocery and convenience stores

2781 Government Blvd Mobile, AL 36606

1,152 SF 1.04 ac lot Built 1994
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US03-0049514
Property summary
AI-generated overview

This exceptional 1.03-acre commercial land parcel is ideally situated at the signalized intersection of Government Boulevard and Pleasant Valley Road in Mobile, Alabama. Zoned B-2 Neighborhood Business, this property boasts a prime location on a major corridor with over 25,000 vehicles passing daily. The site, previously a convenience store, presents a multitude of development opportunities, including but not limited to: convenience stores, car washes, auto repair shops, banks, restaurants, bars, clinics, retail stores, and pharmacies. Its strategic location offers easy access to Interstate 65 (within one mile) and the Mobile Central Business District (under four miles). Government Boulevard sees 18,000 vehicles daily, while Pleasant Valley Road registers 12,000. The property benefits from a substantial potential customer base, with over 150,000 people residing within a five-mile radius and a median income exceeding $33,000. The asking price is $895,000, translating to $19.83 per square foot. This fee simple ownership opportunity is a compelling investment for discerning business owners seeking high visibility and significant traffic volume. The property's APN is 29 09 51 0 003 008.XXX. Don't miss this chance to acquire a highly desirable commercial property in a thriving Mobile location.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1994
Total area 1,152 SF
Lot 1.04 ac (45,147 SF)
APN 29 09 51 0 003 008.XXX
UPID US03-0049514
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Padmavati LLC · 5 yrs held
Padmavati LLC
since 2020
Last sale
$154,250
4 recorded transactions
2020
$154,250
2013
$20,000
2009
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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