Catylist ID:
#30848154
Site at Rare Double-Signalized Corner on Government Street
Retail-Commercial
for Sale
| Catylist Listing ID: | 30848154 |
| Property Subtypes: | Free-Standing Building |
| Building Size (RSF): | 11,000 SF |
| Gross Land Area: | 1.38 Acres |
| Sale Price: | $1,595,000 |
| Unit Price: | $145 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Building Name: | Former Rite Aid |
| Usable Size (USF): | 11,000 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 7/2/2024 |
Overview / Comments
|
Former Rite Aid available for sale or lease in Midtown Mobile, Alabama. Ideally located at a rare double signalized corner, on a portion of Government St that sees over 20,000 cars per day as of 2022. Frontage on three main Mobile streets, with combined exposure to nearly 30,000 cars per day. Building is approximately 11,000 SF, constructed in 1999, and sits on ±1.38 AC directly on Government Street (US Highway 90), between the intersections at Ann Street and Michigan Avenue. Two curb cuts on Ann Street, and two curb cuts on Michigan Avenue. Over ±308’ frontage on Government St (US Hwy 90), ±280’ on S. Ann St, and ±156’ on Michigan Ave. Building could easily be converted to office or retail, and B2 Neighborhood Business zoning provides for a multitude of users. Also available for lease for $12.00 PSF + NNN. See Listing #30848165. |
Attachments & Media
Additional Details
| Nearest MSA: | Mobile |
| County: | Mobile |
| Tax ID/APN: | 2910223003001XXX |
| Zoning: | B2 |
| Retail Clientele: | General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Located Between: | Michigan & Ann |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Government Street |
| Feet of Frontage: | 309 |
| Traffic/Vehicle Count: | 20,215 |
| Highway Access: | Located directly on US Highway 90 |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 11,000 SF |
| Property Condition: | Average |
| Year Built: | 1999 |
| Construction/Siding: | Brick |
| Total Parking Spaces: | 59 |
| Parking Type: | Structure |
| Zoning Description: | B2 - Neighborhood Business |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,714 | 70,155 | 126,260 |
| Median Age: | 36.14 | 36.61 | 35.88 |
| Households: | 5,661 | 27,478 | 49,982 |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Gulf Coast CMLS nor Moody's assume any liability for errors or omissions. |
