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2338 Dauphin Island Parkway
Mobile, AL 36605
Asking Price
$159K
Asset Type
Commercial Retail
Class
Class B
What's Special
Commercial Lot On Dauphin Island Parkway <p>This +/-1.88-acre commercial lot sits on a hard corner along Dauphin Island Parkway, offering over 268 feet of frontage on one of the area's busiest corridors with 22,327 vehicles passing daily. Zoned B-2 Neighborhood Business, the site is a former convenience store and presents a strong redevelopment opportunity for retail, service, or other neighborhood commercial uses. The property is in close proximity to Brookley Aeroplex and benefits from convenient access to I-10.</p>
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NOI
$80,000
Cap Rate
50.31%
DSCR
8.47
Strong
Cash-on-Cash
147.93%
Monthly Payment
$786.645
Annual Cash Flow
$70,560.257
