FULBROOK CENTER |Current Cash Flow! Exceptional Potential!
1922, 1924, 2000 & 2222 Dauphin Island Parkway | Mobile, Alabama
Fulbrook Center presents a compelling opportunity to acquire an income-producing commercial asset with substantial embedded upside and long-term development potential.
Offered at the appraised value of approximately $69 per square foot—significantly below estimated replacement cost— the property encompasses approximately 61,640 square feet across 8.47 acres and includes the main shopping center, a bank outparcel, and a fast-food restaurant outparcel.
With approximately 1,785 feet of frontage along three roadways, multiple points of ingress and egress, strong visibility, ample surface parking, and approximately 2.5 acres available for future development, Fulbrook Center offers a combination of existing income and flexibility rarely found within a single acquisition.
The property’s existing improvements, adaptable site configuration, accessibility, and excess land provide ownership with multiple avenues for value creation. Rather than depending upon a single strategy, an investor can pursue additional leasing, tenant repositioning, expansion, redevelopment, or future development as market conditions and tenant demand evolve.
The result is an asset generating cash flow today with meaningful embedded upside and exceptional potential for tomorrow.
Property Highlights
- Zoning: B-2
- GLA: Approximately 61,640 SF
- Site Area: 8.47 Acres
- Frontage: Approximately 1,785 feet along three roadways
- Buildings: Shopping Center, Bank & Fast-Food Restaurant
- Year Built: Shopping Center – 1962 / 1990; Bank – 1984; Restaurant – 1986
- Parking: Approximately 3.3 spaces per 1,000 SF, plus additional unstriped parking
- Outparcels: Two leased outparcels
- Development Opportunity: Approximately 2.5 acres
- Occupancy: 5 tenants with 5 available spaces
- Daily Traffic Count: 27,000+ vehicles
Recent Physical Improvements & Site Characteristics
- Exterior repainted in 2025
- Parking lot milled, resurfaced, and restriped in 2025
- Well-maintained common areas
- Multiple ingress and egress points
- 10 curb cuts
- Signalized access along Dauphin Island Parkway
For pricing details, financial information, rent roll, and the complete investment opportunity, please contact the listing agent to request the Confidential Offering Memorandum.
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PRATT THOMAS
Broker/ Agent
pratt@mptco.com
251-476-0808
#CommercialDevelopment #CommercialPropertyManagement #BrokerageServices #Investments #commercialpropertymobileal #mobilealcommercialrealestate #warehouseforleasemobileal
