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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

John P. Vallas, Jr.

Vallas Realty, Inc. Gulf Coast CMLS Member
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