3930 Airport Blvd Mobile, AL 36608
- Investment properties
- 103,702 SF
- 6.18 lot acres
Current Use by Public Records
- Dr. James C. Wiley, MD / Doctor
- Inge Frances K MD / Dermatologist
- CLUB4 Fitness / Fitness Center / Tanning Salon
- Culver's / American Restaurant / Restaurant
Property Details for 3930 Airport Blvd
- Year built
- 1993
- Lot size
- 6.18 lot acres
- Property size
- 103,702 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 28 06 23 4 002 078.001
- APU
- 2806234002078001
Description
This exceptional 167,193 square foot retail and medical office space in Mobile, Alabama, presents a unique investment opportunity. Located at 3930 Airport Blvd, this multi-tenant property offers a minimum divisible space of 25,538 square feet, with a maximum contiguous space of 25,538 square feet currently vacant. The property's prime location at the northeast corner of Airport Boulevard (46,209 cars per day) and McGregor Avenue places it within Mobile's affluent Spring Hill neighborhood, known for its high household incomes. This strategic position ensures high visibility and accessibility for businesses. The center enjoys a strong tenant mix, including established national retailers such as Michael's, PetSmart, TJ Maxx, Fresh Market, and Haverty's, creating a vibrant and attractive shopping destination. Data from Placer.ai indicates over 2.1 million visitors to the center in 2023, demonstrating significant foot traffic and consumer interest. The property's diverse subtypes, including medical office and shopping center components, cater to a wide range of business needs, making it an ideal location for both established and emerging enterprises. The available 25,538 square feet presents a significant opportunity for expansion or new tenancy within a thriving retail environment. The property's size and location make it a compelling investment prospect in a high-demand area. This is a chance to secure a foothold in a successful, established center with proven high traffic and strong neighboring businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $75,000
- 6.5%
- $80,000
- 7%
- $75,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $85,000
- Geo Method
- $85,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $80,000
- Retail
- $75,000
- Mixed-Use
- $85,000
- Hospitality
- $80,000
- Educational
- $70,000
- Residential Income
- $70,000
- Energy
- $85,000
- Income-Based Land
- $70,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1458
- Latitude
- 30.6772
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
