The Kate Shepard House Bed & Breakfast

Hospitality for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30756426
Property Subtypes: Bed & Breakfast
Number of Units: 4 Units
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Gross Land Area: 15,470 SF
Sale Price: $995,000
Unit Price: $248,750 Per Unit
Ceiling: 12 ft.
Property Use Type: Business
Building Name: The Kate Shepard House Bed & Breakfast
Name of Establishment: The Kate Shepard House Bed and Breakfast
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/24/2021

Overview / Comments

A rare opportunity to live and work in one of Mobile’s most historic and recognizable homes. An architectural icon, The Kate Shepard House Bed and Breakfast, kateshepardhouse.com, is located in the Old Dauphin Way Historic District in midtown Mobile and is an award winning 5 Star Inn that has been successfully operating for over 18 years. Listed on The National Register of Historic Places and Mobiles Historic Development Commission, this rare 1897 Queen Anne home has been well maintained and offers all of today’s conveniences. With a total of 6 bedrooms and 4 ½ baths, this home still has room for additional living space and bathrooms.
The sale of this income producing property is complete turnkey for three guest rooms including many antiques, guest room furnishings, common room furnishings and breakfast service items. Many historic artifacts pertaining to the house will remain. Recipes, training, and any assistance the new owner might need will be available. A complete inventory list will be available to buyer for confirmation. Records will show the consistent income produced, potential future revenue and many examples of past editorials. Buyer responsible for confirming all business requirements and securing all necessary business licenses. **Seller is listing agent and is a licensed Realtor in the state of Alabama.

Business Features include:
• 5 Star reputation for over 18 years on webpages such as tripadvisor.com, google.com, bed and breakfast.com.
• Since 2003 this bed and breakfast has earned consistent revenue.
• Accolades in numerous publications both nationally and internationally. Copies provided.
• Award winning recipe “Pecan Praline French Toast,” one of the “One Hundred Dishes You Must Eat in Alabama Before You Die” continues to be marketed by the state of Alabama. Other unique and successful recipes included with training.
• Recently updated webpage, including ADA webpage compliance, reservation booking system and billing system.
• Quaint and convenient neighborhood location in the heart of Mobile and minutes from the downtown restaurants and shops.
• Number 32 on the “Historic Driving Tour” map provides high visibility to travelers.
• Historic sign marks the homes significance to neighbors and travelers.
• The home was designed by the famous architect, George Franklin Barber. Architecture and Barber enthusiasts appreciate the opportunity to stay overnight in an architectural icon.
• Travel guide listings both nationally and internationally send travelers from all over the world.
• The home has been a sought-after location for TV shows, movie sets, artists, and photographers.
• Numerous artists have painted the Kate Shepard House and their artwork is featured throughout the house.
• A popular series “If Walls Could Talk” on HGTV featured the James’s story and the artifacts that were found in the attic. The shows loyal viewers visit to hear updates on the story of The McRae Papers.
• Many current antique furnishings will remain where repeat guests will continue to experience a home that they have been visiting through the years. Antiques include a rare 1888 Steinway concert grand. A complete inventory list is available.
• 2 bedrooms are currently being used for guests. An existing city zoning variance allows up to four guests rooms and will increase revenue when utilized.
• A Tesla and a Universal car charger are available for guests and is listed on the Tesla and EV GPS maps advertising the location.
• A POKEMON GO location attracts locals and visiting fans of the popular international game.
• Guests appreciate the easy, on-site parking for up to 5 cars.
• Located conveniently from I-65 and I-10 for guests traveling the interstates.
• The third floor has the potential for adding square footage of living space.
• The address has a zoning variance for up to four rooms and will transfer.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,645 (Annual)

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile City, County
Tax ID/APN: 2907250007418XXX
Zoning: SFR
Retail Clientele: Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: Government Street and Dauphin Streets, on the corner of Catherine and Monterey Place
Property Visibility: Excellent
Largest Nearby Street: Government St
Feet of Frontage: 111
Highway Access: I-65: 4 miles, I-10: 3 miles
Airports: Brookley Airport: 4 miles, Mobile Regional Airport: 11 miles, Gulfport, Ms: 72 miles,
Site Description: The homes unique features include: • Original hard wood floors, 5 original light fixtures, 3 large stained glass windows, 9 original fireplaces with mantels, original picture rail mountings in all rooms, original hardware such as doorknobs and hinges. • Three spacious front porches and one back porch. • Two sitting parlors for guests including the original library and its three original built-in bookcases with glass doors. Three sets of original pocket doors are operational. • Large dining room with rare fretwork and operational swinging door with original hardware. • Main entrance includes more rare fretwork and the unique large, curved glass windows above a sitting bench. • Beautiful original butler’s pantry with original doors and hardware. • Kitchen has been updated with lots of storage and two dishwashers. All appliances to remain. • A total of 8 stained-glass windows throughout the house. • Wrought iron fenced in back yard. • Extra-large laundry room includes ample shelving, antique schoolhouse light fixtures, antique cast iron sink, washer and dryer and an extra full-sized refrigerator for storage. All appliances remain. • Entire third floor attic space is currently being used as storage but could be retrofitted into living space. • All bedrooms are oversized by today’s standards. Ceilings are approximately 12 feet tall, and doors are 8 feet tall. • Every effort has been made to care for the many original features unique to the home. • The attic includes several family boxes of Shepard family articles and they will transfer. • Nest thermostats, video doorbell and three WIFI extenders for the latest in-home technology. • Upgraded electrical panel to accommodate technology and car charger.
Area Description: Per CEO World Magazine, Mobile, Alabama has been named as the #1 city worth exploring in 2021! With a significant cultural background, Mobile has plenty to offer tourists with attractions, dining and and shopping. The area has neighborhood restaurants and parks with sidewalks under historic oaks and magnolias amd just minutes from churches and schools.
Nearby Attractions: The USS Alabama, Bellingrath Gardens, The Maritime Museum, Carnival Museum, Mobile History Museum, Bragg Mitchel Mansion, Oakleigh Historic Complex, DAR House, Conde Charlotte Museum, Mobile Museum of Art and a short drive to Gulf Coast beaches.
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1897
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Traditional Queen Anne home chosen from a George Franklin Barber catalog and components assembled on site in 1897.
Total Parking Spaces: 5
Parking Type: Surface
Parking Description: Designated parking along the side of the house on the property. Additional parking available on street in front of house.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The homes unique interior features include: • Original hard wood floors, 5 original light fixtures, 3 large stained glass windows, 9 original fireplaces with mantels, original picture rail mountings in all rooms, original beautiful hardware such as doorknobs and hinges. • Three beautiful and spacious front porches and one back porch. • Two sitting parlors for guests including the original library and its three original built-in bookcases with glass doors. Three sets of original pocket doors are operational. • Large dining room with rare fretwork and operational swinging door with original hardware. • Main entrance includes more rare fretwork and the unique large, curved glass windows above a sitting bench. • Beautiful original butler’s pantry with original doors and hardware. • Kitchen has been updated with lots of storage and two dishwashers. All appliances to remain. • A total of 8 stunning stained-glass windows throughout the house. • Wrought iron fenced in back yard. • Extra-large laundry room includes ample shelving, antique schoolhouse light fixtures, antique cast iron sink, washer and dryer and an extra full-sized refrigerator for storage. All appliances remain. • Entire third floor attic space is currently being used as storage but could be retrofitted into living space. • All bedrooms are oversized by today’s standards. Ceilings are approximately 12 feet tall, and doors are 8 feet tall. • Every effort has been made to care for the many original features unique to the home. • The attic includes several family boxes of Shepard family articles and they will transfer. • Nest thermostats, video doorbell and three WIFI extenders for the latest in-home technology. • Upgraded electrical panel to accommodate technology and car charger.  
Zoning Description: Zoning Variance, dated October 7, 2002, "allows four guests rooms for a bed and breakfast".
Lot Frontage: 111 ft
Lot Depth: 134 ft
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: BEG AT TH INTER OF TH N/L OF MONTEREY PL (85 FT ROW) & TH W/L OF CATHERINE ST (50 FT ROW) TH RUN WLY ALG TH N/L OF MONTEREY PL 111.61 FT TO A PT TH RUN NLY W/ AN INT ANG OF 82 DEG 59 MIN 14 SEC A DIST OF 134.74 FT TO A PT TH RUN ELY W/AN INT ANG OF 9 7 DEG 06 MIN 44 SEC & A DIST OF 111.77 FT TO THE W/ROW OF CATHERINE ST TH SLY ALG TH W/ROW W/AN INT ANG OF 82 DEG 49 MIN 53 SEC & A DIST OF 134.95 FT TO THE POB #SEC 25 T4S R1W #MP29 07 25 0 007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,040 74,437 131,606
Median Age: 37.5 36.44 36.14
Households: 6,401 29,338 52,103
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