1. Development Opportunity
Mobile, Alabama
28+/-
Acres
The material contained in this Offering Memorandum is confidential, furnished solely for the purpose of considering the acquisition of this Investment Property and
is not to be used for any other purpose or made available to any other person without the express written consent of Prudential Cooper & Co., Inc. The material
is based in part upon information obtained from the Seller and in part upon information obtained by Prudential Cooper & Co., Inc. from sources they deem to be
reliable. Summaries contained herein of any legal documents are not intended to be comprehensive statements of the terms of such documents, but rather only
outlines of some of the principal provisions contained therein. Prospective purchasers should make their own investigations, projections, and conclusions. It is
expected that prospective investors will conduct their own independent due diligence concerning the Property, including such engineering inspections as they deem
necessary to determine the condition of the Property and the existence or absence of any potentially hazardous material used in the construction or maintenance
of the building or located at the land site. No representations expressed or implied are made as to the foregoing matters by Prudential Cooper & Co., Inc.
2. Prudential Cooper & Co., Inc., as Exclusive
Agent, is pleased to present the following
Development Opportunity for sale. The
following pages contain the information
needed for the sale of this property, and we
encourage you to contact us to discuss it in
more detail.
Parcel Property Frontage Sq Ft +/- Price Per Acre Price per square Price
Usable * foot
A 16 Acres 850’ +/- Pending Pending Pending
+/-
B* 11.52 450 +/- 8.8 $173,611.11 $3.99 $2,000,000
Angela McArthur
Senior Sales Associate
Retail Investment Sales
(251) 639-4007 OFC
(251) 300-3377 Direct Line
(251) 591-3168 Cell
Angiemcarthur@Prucooper.com
Tony Cooper, CCIM
Vice-President
Qualifying Broker
(251) 639-4007 OFC
(251) 300-3371 Direct Line
(251) 422-8666 Cell
Tonycooper@Prucooper.com
* Area contains a floodway consisting of 3.63 acres, area lying outside of the floodway consist of 5.00 acres ac-
cording to a study conducted by Rester and Coleman Engineers, Inc. without enclosing the floodway. According
to their calculations after containing the floodway a net gain of 1.93+/- can be achieved. All reports are available
and are subject to verification and review by buyer at buyers risk.
3. Mobile, Al. THE OPPORTUNITY
Mixed use development opportunity on Airport Blvd.
Total Size: 11.52 +/- Acres
LOCATION
North side of Airport Blvd. just East of Schillinger Rd.
DEVELOPMENT HIGHLIGHTS
450 +/- FF on Airport
Last large development site remaining on Airport Blvd.
Strong Location on a major thoroughfare near a signalized intersection
with excellent visibility and access.
33,000 +/- CPD
103,526 Est. Pop—5 Mile
$70,675 Ave. HH Inc.—5 Mile
Site is poised for Development
Utilities: Natural Gas—8 in Main
Water—12 in Main
Sewer—8 in located to the front of the property
Challenged by a floodway dividing the property in two parcels, previous
engineering and reporting has identified the following solution to development.
Development can be divided into 2 parcels:
Parcel B—Ideal for multi-family or business park
Parcel A-Ideal for Large Retail
4. ZONING— Property is located in the city
and is zoned B3
Community business districts- These districts are composed of land and structures used to furnish, in addition to the
retail goods and services found in neighborhood business districts, such less frequently needed goods as clothing and
automobiles--the wider range of retail goods and services to satisfy all the household and personal needs of the resi-
dents of a group or community of neighborhoods. Light or heavy distribution uses may be allowed. Usually located on
a thoroughfare or near the intersection of two (2) thoroughfares, these districts are large and are within convenient driv-
ing distance of the group of neighborhoods they will serve. The district regulations are designed to permit the develop-
ment of the districts for their purpose in a spacious arrangement.
Pending
Parcel B Parcel A
5. Parcel B
450’
Consisting of 11.52 Acres with 8.8
Acres usable, site work will leave
approximately 7.8 acres develop-
able. Boasting 450 +/- Front Feet
this land is poised for development
in rapidly growing West Mobile.
The natural environment created by
the wetlands in the back can be
utilized effectively as walking
paths and amenities for a multi-
living development or as retention
in a business development.
Out-parcel availability will boost
1,246’ +/-
frontage usage as leased property.
450’
Angela McArthur Tony Cooper, CCIM
Senior Sales Associate Vice-President
Retail Investment Sales Qualifying Broker
(251) 639-4007 OFC (251) 639-4007 OFC
(251) 300-3377 Direct Line (251) 300-3371 Direct Line
(251) 591-3168 Cell (251) 422-8666 Cell
Angiemcarthur@Prucooper.com Tonycooper@Prucooper.com
6. Parcel A
980’
Consisting of 17.9 Acres +/- with
661’
ng
16.1 Acres +/- usable, site work
will leave approximately 14.1
di
en
acres /- developable. Boasting 980
+/- Front Feet this land is poised
for development in rapidly growing
P
retail corridor.
With an estimated 123,000 sq. ft. of +/-
900
site coverage and above average
rents of $17—$22 per square foot,
this land is last parcel of size avail-
able on Airport Blvd. C PD
00
3 3,0
Out-parcel availability will boost
frontage usage as leased property.
Demographics
Radius Est. ‘07 Pop. Avg. HH Inc.
1 Mile 4,406 $73,033
3 Miles 38,104 $67,880
5 Miles 103,526 $70,675
Angela McArthur Tony Cooper, CCIM
Senior Sales Associate Vice-President
Retail Investment Sales Qualifying Broker
(251) 639-4007 OFC (251) 639-4007 OFC
(251) 300-3377 Direct Line (251) 300-3371 Direct Line
(251) 591-3168 Cell (251) 422-8666 Cell
Angiemcarthur@Prucooper.com Tonycooper@Prucooper.com
7. Location Map
Property is located in the
City of Mobile on
Airport Blvd. West of the Inter-
state in the rapidly growing
“West Mobile” submarket.
5.85 Miles to I-65
9.59 Miles to I-10 via
Schillinger Rd.