You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Turn key restaurants

3941 Airport Blvd Mobile, AL 36608

8,073 SF 1.64 ac lot Built 1972
Entity Owned 10-yr Hold Free & Clear
Property ID
US03-0475836
Property summary
AI-generated overview

This exceptional 8,226 square foot vacant restaurant space presents a unique investment opportunity in Mobile, Alabama. Located at 3941 Airport Boulevard, this fee-simple property boasts a prime location on a high-traffic corridor, with Airport Boulevard seeing 62,600 vehicles per day and Interstate 65 boasting 96,600 vehicles per day. The property sits on a 1.64-acre lot and includes 145 parking spaces, ensuring ample convenience for patrons. Built in 2005, the building is zoned B-2 - Neighborhood Business, offering flexibility for a variety of restaurant concepts. The property's strategic location benefits from proximity to significant retail centers, including McGregor Square (193,000 square feet), Festival Centre (398,000 square feet), and Springdale (662,000 square feet), further enhancing its appeal and potential for success. The strong demographics within a 5-mile radius provide a robust customer base. This former Red Lobster location offers a turnkey opportunity for an experienced restaurateur or a developer seeking a high-visibility site in a thriving commercial area. The property's size, parking, and zoning make it an ideal candidate for a variety of restaurant concepts. The parcel number is 28 07 26 1 000 009.XXX. This is a rare chance to acquire a well-situated, substantial restaurant property in a high-demand location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Total area 8,073 SF
Lot 1.64 ac (71,351 SF)
APN 28 07 26 1 000 009.XXX
UPID US03-0475836
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$865k
Blend (final) Blend
$920k
Owner & transaction history
Taitz Rl Mobile LLC · 10 yrs held
Taitz Rl Mobile LLC
since 2016
2 recorded transactions
2016
$2.4M
2014
$2.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message