Absolute $1 Auction | Former Pizza Hut | Mobile, AL
CBRE and RealINSIGHT Marketplace are pleased to present a ±2,275 SF former Pizza Hut retail building (“Property”) located at 3450 Demetropolis Road, Mobile, Alabama. This Property is offered significantly below replacement cost and the first bid meets Reserve!
The Property offers a great owner/user opportunity and a significant value-add investment for investors through lease-up, adaptive reuse, or repositioning/redevelopment.
The 2,275 SF free-standing building sits on a 0.34-acre outparcel of the Westgate Village Shopping Center, just off Demetropolis Road with 19 free surface parking spaces. The property has 130 feet of street frontage along with two curb cuts on Demeteropolis Road.
The West Mobile submarket the property is located in holds over 113,000 people within a five-mile radius with an estimated 2019 average household income of $50,000 per year. Demetropolis Road feeds into South University Boulevard which leads directly to the University of South Alabama, an institution with an undergraduate enrollment of 14,783 students.
If you have any questions regarding the property or the auction process, please contact Phil Kates or Adam Sklaver.
- Offered significantly below replacement cost
3450 Demetropolis Rd, Mobile, AL 36693, USA