3026 Cottage Hl Rd Mobile, AL 36606-2902

This exceptional investment opportunity presents a 2,700 square foot, single-story building situated on a 0.35-acre lot in Mobile, Alabama. Currently vacant, this property, located at 3026 Cottage Hill Road, boasts a convenient location just east of the northeast corner of Cottage Hill Road and Bel Air Boulevard, behind a newly constructed Circle K. The building, constructed in 1975, is zoned R-3, permitting multifamily use. Previously utilized as a convenience store, a use variance is no longer applicable, restricting future use to multifamily residential. The property offers significant potential for conversion into apartments or a single-family rental, given its size and zoning. The asking price is $110,000, translating to $40.74 per square foot. The lot dimensions are approximately 100' x 150' x 94' x 180'. This fee-simple ownership opportunity presents a compelling investment prospect for those seeking a multifamily project in a desirable Mobile location. The property features a single unit and is offered as an owner/user investment with a NNN lease type. The parcel number is R022909303001053. This is a vacant property with significant upside potential for the right investor.