2912 Dauphin Island Pkwy Mobile, AL 36605
- Investment properties
- 28,291 SF
- 2.51 lot acres
Current Use by Public Records
- Dotch's Barber & Style Salon / Barber Shop
- Nails By Ivy / Nail Salon
- Walgreens Pharmacy / Pharmacy
- Natalie R. Dailey Bassa, PharmD / Pharmacy
- C & T Package Store / Liquor Store
Property Details for 2912 Dauphin Island Pkwy
- Year built
- 1982
- Lot size
- 2.51 lot acres
- Property size
- 28,291 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 32 06 40 0 002 010.XXX
- APU
- 3206400002010XXX
Description
This exceptional mixed-use investment opportunity in Mobile, Alabama, presents a compelling proposition for discerning investors. The property, located at 2912 Dauphin Island Pkwy, boasts a substantial 27,352 square feet of retail space situated on a highly visible 2.85-acre lot. Currently operating at 50% occupancy, this single-story, 1982-built structure offers significant upside potential. The property features a prime location at a red-light intersection of Dauphin Island Parkway and Gulf Dale Drive, less than two miles south of I-10, ensuring high traffic counts and excellent visibility. The B-3 zoning allows for a diverse range of retail uses. Ample parking is provided with 116 surface spaces, complemented by attractive landscaping. The building itself is constructed of brick and block, with a flat roof and features a covered canopy across the front. The interior features standard drywall construction. The property's proximity to major roadways, including I-10, and its convenient location near Mobile Regional and Pensacola Regional Airports further enhance its appeal. With a lot size of 425 feet frontage by 300 feet depth, this property offers a rare combination of size, location, and potential for significant returns. The asking price of $1,465,000 translates to an attractive price per square foot of $53.56. This is a truly remarkable opportunity to acquire a well-positioned retail center in a thriving commercial area of Mobile.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $935,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $765,000
- 6.5%
- $750,000
- 7%
- $785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $635,000
- Geo Method
- $840,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $665,000
- Retail
- $730,000
- Mixed-Use
- $765,000
- Hospitality
- $845,000
- Educational
- $670,000
- Residential Income
- $785,000
- Energy
- $925,000
- Income-Based Land
- $745,000
- Food Service
- $690,000
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.0745
- Latitude
- 30.6124
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA