960 Schillinger Rd - Storefront FOR SALE


Mobile, AL 36608- Kimberline
$4,600,000 USD
251-510-2277
960 Schillinger Rd, Mobile, AL for Sale
$4,600,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

960 Schillinger Rd
Mobile, AL 36608
Kimberline


HIGHLIGHTS

  • Frontage on Schillinger Road, a Major North-South Artery Seeing 40,000+ VPD
  • Strong Submarket Surrounded By Both Established National Retailers and New Construction Retailers
  • Diverse Tenant Mix With No Big Box Exposure

OVERVIEW

errington Realty is pleased to present the opportunity to purchase Palmetto Place, a multi-tenant neighborhood retail center located at 960 Schillinger Rd S in Mobile, Alabama. Constructed in 2006, this 25,250 SF center is situated on a 2.86-acre lot and offers a stable investment with a current occupancy of 90%. The property features 11 total units, with 10 of 11 units currently leased to a diverse mix of tenants. Its high-visibility location along Schillinger Road provides tremendous frontage and exposure to one of the city's most prominent retail corridors. Strategically positioned in the heart of West Mobile, Palmetto Place benefits from exceptional traffic counts exceeding 40,000 vehicles per day. The center is directly across the street from a brand-new Aldi, Panda Express, and a major new apartment complex, highlighting the area’s continuous residential and commercial expansion. Surrounded by a dense concentration of national retailers—including Walmart, Target, Kohl's, and Home Depot—the property is a key fixture in a thriving retail hub that serves as a primary destination for the surrounding communities.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palmetto Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

2.86 AC

LAND SF

124,582 SF

ZONING

B-3

APN/PARCEL ID

27-07-25-1-000-002.004,27-07-25-1-000-002.005,27-07-25-1-000-002.006

ASK ABOUT THIS PROPERTY

Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

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Tim HerringtonHerrington Realty, Inc.More Info
251-510-2277

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.