3941 Airport Blvd Mobile, AL 36608
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.