Catylist ID:
#30711992
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: | 5/24/2021 |
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 |
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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