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Property summary
This exceptional Mobile, Alabama property offers a unique investment opportunity. Priced at $769,900, this turnkey event venue boasts 5,000 square feet of beautifully decorated space situated on 6.1 acres of manicured land. Built in 2008 and renovated in 2016, the property includes two buildings: a main 5,000 sq ft banquet hall and a 32' barn shed, ideal for storage or office space. The main hall features stained concrete floors, full fluorescent and antique chandelier lighting, two handicap-accessible bathrooms, and a full kitchen with a service window. A 24x12' stage, dance lights, and a Peavey speaker sound system are included. All décor and mounted equipment transfer with the sale. The hall is equipped with four AC units. The secondary building is climate-controlled and includes a roller door. The property includes four parcels sold as one (key numbers: 3197089, 310238, 3132648, 310176). The current business is actively booking rentals, with contracts negotiable. The property's landscaping features large oak trees, a front lawn bordered with white crepe myrtles, and a cedar pergola. All information should be verified by the buyer.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Eight Mile market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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