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Property profile & analytics
OFF-MARKET Estimated value $615,000
Retail properties & Spaces

3251 Cottage Hl Rd Mobile, AL 36606-3014

4,224 SF 2.15 ac lot Built 1996
Individually Owned Free & Clear
Property ID
US03-0397219
Property summary
AI-generated overview

This exceptional commercial property, located at 3251 Cottage Hill Road in Mobile, Alabama, presents a unique investment opportunity. Spanning over 2.19 acres of land in a high-traffic area, the property boasts two substantial buildings ideal for a variety of uses. The first building, a historic office structure dating back to 1894, offers 1770 square feet of well-maintained space. This building features four separate offices, each equipped with a functioning fireplace featuring gas logs, a kitchen, a bathroom, and a customer waiting area. Recent improvements include a roof replacement in 2017 and fresh exterior paint in 2022. The HVAC unit is approximately 8-9 years old. The sellers completed extensive renovations upon purchase, including bringing the structure down to the stud walls and updating the plumbing and electrical systems. The second building, a 4200-square-foot auto repair shop, is fully equipped to handle a high volume of work, featuring six bays and four lifts. The expansive 2.19-acre lot provides ample space for operations, customer parking, and future expansion. The property's prime location makes it an excellent choice for anyone seeking to establish or expand their presence in the local automotive sales and repair market. The total square footage of both buildings is 5,994 square feet. This property is listed at $830,000.

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1996
Total area 4,224 SF
Lot 2.15 ac (93,750 SF)
APN 29 09 51 0 004 201.XXX
UPID US03-0397219
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
  • Keith Kingan's Classic Cars, Inc. Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$391k
Blend (final) Blend
$615k
Owner & transaction history
KEITH B KINGAN · 1 yrs held
KEITH B KINGAN
since 2025
Last sale
$625,000
1 recorded transaction
2025
$625,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $870,000 +205.8%
Medical building $815,000 +187.5%
Commercial (general) $470,000 +66.2%
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