Restaurant 2 Apartments 200' Frontage, Airport Blvd, Mobile, AL 36606

Retail-Commercial for Sale
Catylist Listing ID: 30711992
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 1,636 SF
Gross Land Area: 13,262 SF
Sale Price: $312,000
Unit Price: $190.71 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Business
Building Name: Fuji San Sushi Bar & Steak House
Usable Size (USF): 1,636 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 4/6/2021

Overview / Comments

This is a great commercial property located on Airport Blvd with 100 Feet road frontage. The property is in the area of Mobile, AL known as "The Loop". The property includes two parcels of land. The property fronting Airport Blvd is occupied by Fuji San Sushi Bar & Steak House. The property to the rear of the restaurant is a two story building with 1 apartment on each floor. The restaurant and both apartments are occupied with long term tenants. The lease is month to month for all three rental units. The restaurant is paying $1500 per month and the apartments are renting for $550 for the upper unit and $500 for the lower unit. The total monthly rent income is approximately $2,600 per month. (Subject to confirmation)
Of course, the other option is to remove the buildings and then construct a new facility fitting the new owners needs.

The Apartment Building sits to the rear side of the restaurant and the Tax ID and Legal Description for this property is;

Tax ID 29-10-21-3-000-052.
Legal Description:
COMG AT SW COR OF LOT 12 BL
K 4 WESTERN ANNEX ACC TO PL
AT OF SAID SUB DBK 111 N.S. P 2
RUN TH N ALG W/L OF SAID LOT
12 DIS OF 81 FT(S) TO THE POB T
H CONT N 45 FT(S) TH RUN ELY &
PAR WITH S/ L OF MYRTLE AVE D
IS OF 50 FT TO A PT ON E/L OF
LOT 12 TH RUN S ALG E/L OF LOT
12 DIS OF 45 FT(S) TH RUN WLY 5
0 FT TO THE POB #SEC 21 T4S R1
W #MP29 10 21 3 000

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile, AL
Tax ID/APN: R022910213000052.001.
Retail Clientele: General, Family, Business
Property Located Between: Myrtle Ave & Williams St
Property Visibility: Excellent
Largest Nearby Street: Government St
Feet of Frontage: 100
Traffic/Vehicle Count: 7,000
Highway Access: The property fronts Airport Blvd in the area of Mobile, AL referred to as The Loop. Convenient to both Downtown Mobile to the east and Bel Air Mall to the west.
Airports: Mobile Regional Airport
Site Description: The property is approximately 100 X 102 IRR with an adjacent parcel approximately 45 X 50 IRR. There is a Parking area approximately 50 X 102 IRR. The parking area is paved.
Area Description: "The Loop" an area of Mobile, AL where Airport Blvd and Government St run very near each other. Primarily commercial area with all sorts of commercial businesses including Restaurants, offices, gas station convenience store and retail shops.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 1,636 SF
Property Condition: Average
Year Built: 1920
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: The Restaurant building is wood construction with painted white wood siding and an asphalt shingle roof.
Parking Type: Structure
Parking Description: Surface, Paved on Site
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Interior Description: See Photos
Lot Frontage: 100
Lot Depth: 102
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Deeded
Legal Description: Western Annex Block 4, Lot 11 & Block 4, Lot 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,875 82,263 147,359
Median Age: 36.12 35.88 36.4
Households: 5,431 33,207 58,817
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