2502 Commercial Park DrMobile, AL 36606
- Office properties
- 7,979 SF
Property Details for 2502 Commercial Park Dr
- Year built
- 2014
- Lot size
- 0.93 AC
- Property size (Sq ft)
- 7,979 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 29 09 29 2 000 132.XXX
- APU
- 2909292000132XXX
Description
This exceptional Class A industrial property, located at 2502 Commercial Park Dr, Mobile, Alabama 36606, presents a unique investment opportunity. The property encompasses a total of 12,400 square feet across two single-story buildings, situated on a lot with concrete yard and parking. The main building offers approximately 9,800 square feet of modern office space, including a climate-controlled area of approximately 1,400 square feet featuring a mezzanine. This space is complemented by a 2,600 square foot shop area boasting 20-foot eaves, a 3-ton crane, and a 5-ton crane, ideal for various industrial uses. Convenient access is provided by one loading dock and one ramp. The property benefits from access from two different streets, enhancing logistical efficiency. The property is zoned B-3, Community Business, and features the APN 2909292000132XXX. The asking price for this turnkey operation is $1,850,000, translating to a price per square foot of $149.19. This represents a compelling opportunity to acquire a well-maintained, versatile industrial property in a prime Mobile location.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,080,633
- 6.5%
- $997,507
- 7%
- $926,257
-
Comparable approach
- Method
- Valuation
- Relative Method
- $540,034
- Geo Method
- $567,227
-
Alternative Use
- Use
- Valuation
- Residential
- $1,236,909
- Hospitality
- $1,133,002
- Educational
- $942,644
- Medical
- $975,063
- Retail
- $1,466,336
Location Insight
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Latitude
- 30.6699
- Longitude
- -88.1003
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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