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1924 Dauphin Island Pky
Mobile, AL 36605
Fulbrook Center · Retail Property For Sale
Investment Highlights
- Priced significantly below appraised value
- Untapped Potential
- Current Income
Executive Summary
Fulbrook Center | Current Cash Flow | Embedded Upside | Exceptional Potential | Multiple Paths to Value
Priced at the appraised value of $69 / sq ft, significantly below replacement cost.
Fulbrook Center encompasses approximately 61,640 square feet on 8.47 acres, with three buildings (center, bank & fast food restaurant), multiple ingress and egress points, substantial frontage, ample surface parking, and approximately 2.5 acres available for future development.
The property’s existing improvements, flexible site configuration, visibility, accessibility, and excess land create multiple opportunities for an investor to enhance the asset over time.
Rather than relying on a single value-creation strategy, Fulbrook provides ownership with the flexibility to pursue leasing, repositioning, expansion, redevelopment, or future development as market conditions and tenant demand evolve.
The result is an asset capable of generating income today while providing meaningful flexibility for tomorrow.
* Address: 1922, 1924, 2000 & 2222 Dauphin Island
* Zoning: B-2
* GLA: 61,640 sq ft
* Lot Size: 8.47 Acres | 1,785' frontage on 3 roads
* Yr Built: Lot 1 Shopping Center = 1962, 1990
Lot 3 - Bank = 1984, Lot 4 Restaurant = 1986
* Parking: Ratio 3.3 | 1,000' and additional unstriped
* Outparcels: 2 Leased, 2.5 acres for development
* 5 Tenants, 5 vacancies
* DTC: 27,000+
Physical Improvements & Site Characteristics
* Exterior repainted in 2025
* Parking lot milled, resurfaced, and restriped in 2025
* Well-maintained common areas
* Multiple ingress / egress points, 10 curb cuts + DIP Traffic Signal
Please contact Agent for the "Confidential Offering Memorandum".
Priced at the appraised value of $69 / sq ft, significantly below replacement cost.
Fulbrook Center encompasses approximately 61,640 square feet on 8.47 acres, with three buildings (center, bank & fast food restaurant), multiple ingress and egress points, substantial frontage, ample surface parking, and approximately 2.5 acres available for future development.
The property’s existing improvements, flexible site configuration, visibility, accessibility, and excess land create multiple opportunities for an investor to enhance the asset over time.
Rather than relying on a single value-creation strategy, Fulbrook provides ownership with the flexibility to pursue leasing, repositioning, expansion, redevelopment, or future development as market conditions and tenant demand evolve.
The result is an asset capable of generating income today while providing meaningful flexibility for tomorrow.
* Address: 1922, 1924, 2000 & 2222 Dauphin Island
* Zoning: B-2
* GLA: 61,640 sq ft
* Lot Size: 8.47 Acres | 1,785' frontage on 3 roads
* Yr Built: Lot 1 Shopping Center = 1962, 1990
Lot 3 - Bank = 1984, Lot 4 Restaurant = 1986
* Parking: Ratio 3.3 | 1,000' and additional unstriped
* Outparcels: 2 Leased, 2.5 acres for development
* 5 Tenants, 5 vacancies
* DTC: 27,000+
Physical Improvements & Site Characteristics
* Exterior repainted in 2025
* Parking lot milled, resurfaced, and restriped in 2025
* Well-maintained common areas
* Multiple ingress / egress points, 10 curb cuts + DIP Traffic Signal
Please contact Agent for the "Confidential Offering Memorandum".
Property Facts
Sale Type
Investment
Property Type
Building Size
61,640 SF
Building Class
C
Year Built/Renovated
1980/1990
Price
$4,250,000
Price Per SF
$68.95
Cap Rate
6.80%
NOI
$289,000
Percent Leased
74%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
12.00 AC
Opportunity Zone
Yes
Zoning
B-2 - Neighborhood Business
Parking
350 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
1,785’ on Dauphin Island Pkwy
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 32-04-34-0-004-123 | Improvements Assessment | $23,600 |
| Land Assessment | $1,600 | Total Assessment | $25,200 |
Property Taxes
Parcel Number
32-04-34-0-004-123
Land Assessment
$1,600
Improvements Assessment
$23,600
Total Assessment
$25,200
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