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: |
3/16/2023 |
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.
|
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 |
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 |
|
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