Commercial Development Lot Near Downtown

Vacant Land for Sale
Catylist Listing ID: 30298415
Property Subtypes: Office, Retail
Gross Land Area: 0.50 Acres
Sale Price: $355,000
Unit Price: $710,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2024

Overview / Comments

This 22,204± SF site is in the heart of the $24MM TIGER Grant improvement area offering many development opportunities. Along the edge of the Henry Aaron Loop, this site is well positioned to benefit from the redevelopment of not only Broad but the more than $250MM that has been invested in Downtown Mobile over the last 2 years, including over 450 new residential units under construction and 280 additional residential units planned for development.

Current owner will consider selling, ground leasing or a possible build to suit.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022906400009001.
Property Visibility: Excellent
Largest Nearby Street: Property fronts Broad St., State St., and St Anthony St.
Feet of Frontage: 391
Zoning Description: B-4, General Business
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,579 60,397 122,465
Median Age: 39.7 37.11 35.37
Households: 4,231 23,611 48,017


Photograph of Listing Agent

Jeremy B Milling

Milling Commercial Realty Gulf Coast CMLS Member
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