208 North Lafayette Street, Mobile, AL

Business Opportunity for Sale
Catylist Listing ID: 30872331
Property Subtypes: Entertainment and Leisure
Building Size (RSF): 3,567 SF
Sale Price: $589,000 - 649,000
Business Website Address: 208 N. Lafayette Street
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: POSESSION AFTER CLOSE
Last Updated: 5/23/2024

Overview / Comments

Seize the unparalleled opportunity to establish your franchise in the vibrant heart of the Gulf Coast, strategically positioned just minutes away from the forthcoming Riverwalk Plaza in downtown Mobile. This exceptional location promises not only a bustling commercial environment but also a scenic setting near the Gulf Coast's renowned attractions.

Key Benefits:

Prime Location: Nestled in a rapidly growing area, your business will benefit from the high foot traffic and visibility near the new Riverwalk Plaza, an anticipated hub for shopping, dining, and entertainment.
Accessibility: Convenient access to major hospitals provides a steady influx of professionals and visitors, ensuring a diverse customer base. The site’s proximity to major roadways enhances its appeal, offering easy access for both local and visiting patrons.
Nearby Attractions: A short drive from the popular Top Golf Event Center, this location capitalizes on the sports and entertainment crowd, providing additional exposure and clientele for your business.
Community Focus: With a focus on family and leisure, the surrounding area is perfect for businesses looking to tap into a market of family-oriented and lifestyle-focused consumers.
Development Potential:
The site offers ample space for a custom-built facility, accommodating specific franchise requirements while also allowing for potential expansion. The area is zoned for commercial use, ensuring a smooth planning and development process.

Investment Appeal:

Growing Market: The Gulf Coast region is experiencing significant growth, making this an opportune time to establish a presence in a thriving market.
Supportive Business Environment: With local economic initiatives in place to support new businesses, franchisees will benefit from a range of incentives and support programs aimed at fostering business success!!

READY to get ahead of the future??
The upcoming Riverwalk Plaza development is set to redefine downtown Mobile as a premier destination for both residents and tourists. Establishing your franchise here not only positions you at the heart of this transformation but also ahead of the competition as the area continues to develop and attract more visitors.

Additional Details

Nearest MSA: Mobile
County: Mobile
Industry Segment: Other Entertainment and Leisure
Reason for Selling: Business Expansion: The current property no longer meets the needs of the expanding business, which could suggest that the business has been thriving and might outgrow the current facilities or location.
Value of Inventory Included ($): $150,000
Value of Furniture, Fixtures, and Equipment ($): $250,000
Value of Real Estate Included ($): $200,000
Growth/Expansion Opportunities: Discover the perfect location for your new franchise right in the heart of the action! Situated just blocks away from the bustling downtown area, this spot offers a strategic blend of moderate to high traffic, ensuring maximum visibility and accessibility for your business. Capitalize on the constant flow of potential customers as they commute to and from the vibrant city center. This prime real estate is not just a place to set up shop—it's your gateway to success in a thriving urban environment. Secure your spot now and watch your business flourish!

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,038 69,784 131,102
Median Age: 36.7 37.27 35.6
Households: 5,929 27,723 51,552

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