Fully Equipped Restaurant For Sale or Lease
Retail-Commercial
for Sale
| Catylist Listing ID: |
30704807 |
| Property Subtypes: |
Free-Standing Building, Restaurant
|
| Building Size (RSF): |
5,475 SF
|
| Gross Land Area: |
39,240 SF
|
| Sale Price: |
$595,000 |
| Unit Price: |
$108.68 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Former Applebee's |
| Usable Size (USF): |
5,475 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/4/2021 |
Overview / Comments
|
Available for sale or lease immediately: Former Applebee’s restaurant at 4940 Government Boulevard in Mobile, Alabama. Large, lighted pylon sign on Highway 90, and a median cut allow for ease of access and visibility from Highway 90. B-3 zoning allows a range of uses from bars to restaurant to an event venue. Located only 1.8 mi from Interstate 10, just north of the Tillman’s Corner area of South Mobile County, and very near a brand new ±65,000 SF Department of Veterans Affairs (VA) Outpatient Clinic that broke ground in August 2017. Slightly over 5 mi to the University of South Alabama, with 20,500 students, faculty and staff.
|
Additional Details
| Nearest MSA: |
Mobile |
| County: |
Mobile |
| Taxing Authority: |
Mobile County |
| Tax ID/APN: |
R023305151000005.005. |
| Zoning: |
B3 |
| Retail Clientele: |
General, Family |
| Property Located Between: |
Knollwood & Demetropolis |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Highway 90 |
| Feet of Frontage: |
209 |
| Traffic/Vehicle Count: |
24,385 |
| Highway Access: |
Located directly on Highway 90 (Government Boulevard) |
| Area Description: |
Located only 1.8 mi from Interstate 10, just north of the Tillman’s Corner area of South Mobile County, and very near a brand new ±65,000 SF Department of Veterans Affairs (VA) Outpatient Clinic that broke ground in August 2017. Slightly over 5 mi to the University of South Alabama, with 20,500 students, faculty and staff. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,475 SF |
| Property Condition: |
Average |
| Year Built: |
1993 |
| Year Renovated: |
2020 |
| Parking Type: |
Structure |
| Lot Frontage: |
209 |
| Lot Depth: |
187 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
LOT 2 OF THE AMENDED PLAT OF GIRBY-NINTY COMMERCIAL PARK 1ST ADD MBK 52 PG 108 #SEC 15 T5S R2W #MP33 05 15 1 000 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,295 |
53,344 |
154,702 |
| Median Age: |
43.23 |
39.26 |
36.68 |
| Households: |
3,027 |
22,077 |
63,522 |
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