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960 Schillinger Rd
Mobile, AL 36608
Palmetto Place · Retail Property For Sale
Investment Highlights
- Frontage on Schillinger Road, a Major North-South Artery Seeing 40,000+ VPD
- Diverse Tenant Mix With No Big Box Exposure
- Strong Submarket Surrounded By Both Established National Retailers and New Construction Retailers
Executive Summary
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.
key fixture in a thriving retail hub that serves as a primary destination for the surrounding communities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
25,250 SF
Building Class
B
Year Built
2006
Price
$4,600,000
Price Per SF
$182.18
Percent Leased
70%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.86 AC
Zoning
B-3
Parking
102 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
208’ on Schillinger Rd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $427,700 | |
| Land Assessment | $128,140 | Total Assessment | $555,840 |
Property Taxes
Parcel Numbers
Land Assessment
$128,140
Improvements Assessment
$427,700
Total Assessment
$555,840
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