Restaurant For Sale

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30823495
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Tavern/Bar/Nightclub
Building Size (RSF): 7,250 SF
Gross Land Area: 28,390 SF
Sale Price: $1,699,000
Unit Price: $234.34 PSF
Is Quick-Service Restaurant? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 3/2/2024

Overview / Comments

Fantastic Opportunity to Own a High-End Restaurant with Income Producing Tenant Space in Mobile, AL

Are you looking for an investment property that offers both a proven income stream and the potential for expansion? Look no further!

This well-placed restaurant in Mobile, AL presents a unique opportunity to purchase a 7,250 sq ft property that includes a 4,439 sf high-end restaurant with upscale interior, outdoor seating, and a large kitchen ready for occupancy.

Located on a high traffic corner fronting Cottage Hill Road, this property is prominently situated on an outparcel to a 70,000 sq ft Club4Fitness anchored shopping center.

Surrounding retail includes popular establishments such as Catalina Cantina (Under Construction), Foosackly’s, and Walmart Supercenter, guaranteeing a steady flow of customers. Plus, with direct access to Cottage Hill Road and cross access with the shopping center, convenience is key for both patrons and tenants.

Key Features: - Building Size: 7,250 sq ft, with 4,439 sq ft available for occupancy - Fantastic restaurant with upscale interior and outdoor amenities - Co-tenant: Mob Boss Pizzeria - Convenient location on a retail corner with high traffic - Prime neighboring establishments attract a diverse customer base

Don't miss out on this lucrative opportunity to own a restaurant property with an income-producing tenant. Whether you're looking to expand your portfolio or start a new venture, this property offers everything you need.

Contact us today for more information and secure your future in the vibrant Mobile, AL market.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile County
Tax ID/APN: R023401014000002.004
Zoning: COUNTY
Market Type: Large
Retail Clientele: General, Family, Business, Other
Property Located Between: Schillinger Rd and Dawes Rd.
Side of Street: South
Road Type: Paved, Outlot
Property Visibility: Excellent
Largest Nearby Street: Schillinger Rd.
Feet of Frontage: 125
Traffic/Vehicle Count: 24,356
Airports: Mobile Municipal Airport
Site Description: Out Parcel Location fronting Cottage Hill Rd near the corner of Schillinger and Cottage Hill Rd. Property has direct access to Cottage Hill and cross parking with Schillinger Place Shopping Center Behind. Building sits at grade with the street.
Area Description: Property located on a high traffic, retail corner located west on Cottage Hill Road, past Schillinger Road, on the left. Surrounding retail includes Club4Fitness, Catalina Cantina (coming soon), Foosackly’s, Pizza Hut, Yellow Hammer Coffee, Walmart Supercenter and many more. Center has cross parking with Club4Fitness shopping center, and direct access to Cottage Hill Road.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2011
Year Renovated: 2021
Construction/Siding: Brick
Exterior Description: Brick facade with high sign bands. Arched store glass fronts with metal awnings.
Total Parking Spaces: 48
Parking Type: Surface
Parking Description: Parking is in front and along sides of the building.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: County
Lot Frontage: 125
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOT 3 SCHILLINGER PLACE MBK 74/13 #SEC 01 T5S R3W #MP34 01 01 4 000

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,621 51,392 116,992
Median Age: 38.92 38.03 37.34
Households: 3,133 20,331 46,873

Contact

Photograph of Listing Agent

Angela McArthur

Stirling Properties Mobile Gulf Coast CMLS Member
© Copyright 2001-2023 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.