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Property profile & analytics
FOR SALE
Commercial real estate

2966 Old Shell Rd Mobile, AL 36607

5,400 SF 0.4 ac lot Built 1967
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US03-0697295
Property summary
AI-generated overview

This exceptional 9,038 square foot flex space, situated on a 0.8-acre lot in desirable Midtown Mobile, Alabama, presents a unique investment opportunity. The two-story building, renovated in 1992, currently houses an interior design firm, offering immediate income potential or the chance to establish your own business. The property boasts convenient features including a dock-high loading dock and a ramp leading to a rolling door, enhancing functionality and accessibility. The building's HVAC system has undergone recent upgrades, with two of the four units replaced in 2024, ensuring efficient climate control. Located at 2966 Old Shell Rd, Mobile, AL 36607, this property offers a prime location within Mobile County, providing easy access to major transportation routes and a vibrant urban environment. The single-tenancy structure simplifies management and offers potential for long-term lease agreements. This versatile space is suitable for a variety of uses, making it an attractive option for both established businesses and entrepreneurs seeking a well-maintained and strategically located property. The property's combination of size, location, and recent improvements makes it a compelling investment prospect in the thriving Midtown Mobile market. The property is classified as Retail and Office, with a Traditional Office subtype.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1967
Total area 5,400 SF
Lot 0.4 ac (17,425 SF)
APN 29 08 18 4 001 089.XXX
UPID US03-0697295
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
  • Avril Walker Designs (Bike/Boat/Book/etc) Store
  • Designer Collection Furniture & Home Goods Home Decor Store
  • Marty Norden - Norden Realty LLC Real Estate Agency
  • Augusta Tapia Interiors Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hvh Partners LLC · 9 yrs held
Hvh Partners LLC
since 2016
2 recorded transactions
2016
$108,573
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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