The Alabama Shipyard had a large tract of excess land, as well as some unused pier space and ancillary buildings, that they wanted to sell or lease. Their broker, Gulf States Real Estate Services, contracted us to figure out how to best subdivide the land to maximize lease or sale revenue.
Nestled within the industrial landscape of Mobile, Alabama, the Alabama Shipyard is not only a hub of maritime activity but also a potential goldmine of untapped resources. Among its assets lies excess land, offering a unique opportunity for development.
The excess land at the Alabama Shipyard represents a valuable tangible asset, characterized by its size, location, and potential uses:
- Size and Location: Spanning acres of prime waterfront real estate along the Mobile River, the excess land offers ample space for development and expansion. Its strategic location within a thriving industrial corridor enhances its market appeal and potential value.
- Infrastructure and Accessibility: Equipped with existing infrastructure such as roads, utilities, and transportation networks, the excess land is primed for development. Its accessibility to major highways, ports, and railroads further enhances its attractiveness to prospective investors and developers.
- Zoning and Permits: Understanding the zoning regulations and obtaining necessary permits are crucial factors in appraising the market value of excess land. Whether designated for industrial, commercial, or mixed-use purposes, compliance with local ordinances and regulations can impact the land’s development potential and marketability.
The appraisers at Mosaic Property Valuations were able to study each of these factors and deliver a report that our client, Gulf States Real Estate Services, was able to utilize to develop a complete marketing plan for their client.
