Increased Development Planned Near Wawa, and Property in Port Area Sold on Three Mile Creek

Former Parker Towing Property in Mobile Sold for Million

In a significant real estate transaction, the former Parker Towing Company property situated along Three Mile Creek in Mobile, Alabama, was sold for million to an out-of-state corporation. The Weavil Company, which acted as the intermediary representing Parker Towing and the buyer, facilitated the deal, marking a noteworthy event in the local commercial property sector.

The property in question encompasses 30 acres at 1920 Bay Bridge Cutoff Road and stands out as one of the last substantial undeveloped industrial sites near the Port of Mobile. Its strategic location features approximately 1,375 feet of waterfront on Three Mile Creek, making it an attractive acquisition for industrial or logistics-related developments. The port area is known as a pivotal hub for both domestic and international trade, which could potentially enhance the value of the newly acquired property significantly.

This transaction is part of a broader trend of rising commercial real estate activity along Alabama’s coast. Over recent days, several other notable sales and leases have underscored the region’s robust market. For instance, an out-of-state investor acquired the property where the popular Wawa gas and convenience store operates in Fairhope for over million. This site, located at 10040 Encounter Drive, is part of a larger 35-acre commercial development featuring multiple lots.

Additionally, Wave Medical Equipment has secured a lease for 1,720 square feet within the Daphne Square Shopping Center at 2200 U.S. 98. The firm specializes in home respiratory care products, notably CPAP therapy devices and supplies, indicating a growing demand for healthcare services in retail formats.

Kid to Kid, a national franchise focused on children’s resale items, has also expanded its footprint by leasing 4,000 square feet in Eastern Shore Plaza in Spanish Fort. This reflects a broader trend toward sustainability and conscious consumerism, as more families opt to purchase second-hand goods.

Looking ahead, the Gulf Shores area is poised for further development with plans for a mixed-use development that will include 300 multifamily units alongside commercial structures on a 23-acre site near the Foley Beach Express. The city is gearing up to approve a Planned Unit Development Master Plan overlay, signaling continued growth and investment opportunities in the region.

As Coastal Alabama’s economy evolves, these developments point to an increasing interest from both local and out-of-state investors, highlighting the region’s appeal for commercial ventures as it continues to thrive.