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: 6/20/2024

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

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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

Contact

Photograph of Listing Agent

John P. Vallas, Jr.

Vallas Realty, Inc. Gulf Coast CMLS Member
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