Shopping Center, Hard Corner, Red Light, High Traffic

Shopping Center for Sale
Catylist Listing ID: 30847981
Property Subtypes: Fashion/Specialty, Mixed Use, Strip Center
Building Size (RSF): 27,352 SF
Gross Building Area: See Agent
Gross Land Area: 2.85 Acres
Sale Price: $1,465,000
Unit Price: $53.56 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Dauphin Plaza
Usable Size (USF): 27,352 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

What a Buy; a Strip Center sitting on a red light corner at Gulf Dale Dr and Dauphin Island Pkwy. Approximately 2 miles south of I-10 fronting Dauphin Island Pkwy and convenient to everything in Mobile, AL and surrounding area. This property consists of over 27,000 sq ft of leasable space consisting of Anchor tenant space of 15,000 sq ft and an additional 12,000 sq ft of leasable space consisting of 10 116small shops and a Wal Greens pharmacy.
This property priced at less than $54 per sq ft has to be a deal. Hello!
This property consist of two parcels with both legal descriptions shown.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: City of Mobile & Mobile County
Tax ID/APN: 3206400002010XXX
Zoning: B-3
Retail Clientele: General, Family, Business, Other
Property Located Between: Gulf Dale Dr & Levene Rd Mobile, AL
Property Visibility: Excellent
Largest Nearby Street: I-10
Feet of Frontage: 425
Traffic/Vehicle Count: 23,000
Highway Access: From I-10 south on Dauphin Island Pkwy to Gulf Dale Dr, Mobile, Al
Airports: Mobile Regional Airport, Pensacola Regional Airport
Site Description: 2.85 Acres, abundant asphalt marked parking spaces with concrete curbs and green space. Hard corner, red light intersection at Dauphin Island Pkwy and Gulf Dale Dr.
Area Description: Commercial all up and down Dauphin Island Pkwy with Residential on all side streets all along the Parkway. The property is less than 1/2 mile from B C Rain High School to the south and a short distance from Gillard Elementary School to the north.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 27,000 SF
Property Condition: Good
Year Built: 1982
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Brick & Block exterior walls, covered canopy across front of lease units as well as much of the large building (formerly Rite Aid).
Parking Type: Surface
Parking Description: Asphalt parking with marked spaces and curbing; abundant parking with 116 striped spaces.
Total Parking Spaces: 116
Interior Description: Gypsum Board, Drywall, Sheetrock
Zoning Description: B 3
Lot Frontage: 425 ft
Lot Depth: 300 ft
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Deeded
Legal Description: Parcel 1 - BEG AT SW COR OF PCL B GULF DALE SUB MBK 11/30 RUN NLY ALG W/L OF SD PAR B 337.05 FT TH N 86 DEG 20 MIN 26 SEC E ALG N/L OF SD PAR B 328 FT TO W/L OF DIP TH SLY ALG W/L OF DIP 330.55 FT TH WLY & PAR TO GULF DALE DR 130 FT TH SLY & PAR TO DIP PKWY 110 FT TH WLY ALG N R/W/L OF GULF DALE DR 181.24 FT TO POB #SEC 40 T5S R1W #MP32 06 40 0 002 Parcel 2 - FROM SW COR OF PCL B GULF DALE SUB MBK 11/30 RUN ELY ALG N/L OF GULF DALE DR 181.24 FT TO POB OF PPTY HEREIN DESC TH N & PAR TO DIP 110 FT TH ELY & PAR TO GULF DALE DR 130 FT TO W/L OF DIP TH SLY ALG W/L OF DIP 110 FT M/L TO N/L OF GULF DALE DR TH WLY ALG N/L OF GULF DALE DR 130 FT M/L TO POB #SEC 40 T5S R1W #MP32 06 40 0 002

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,512 24,437 82,367
Median Age: 36.11 34.72 35.92
Households: 2,516 8,918 33,191
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