Small Office Building in Great Midtown Location!

Office for Sale
Catylist Listing ID: 30756921
Property Subtypes: Office Building
Building Size (RSF): 1,268 SF
Gross Land Area: 6,848 SF
Sale Price: $200,000
Unit Price: $157.73 PSF
Property Use Type: Business
Building Name: Williams Financial Group, LLC
Class of Space: Class A
Usable Size (USF): 1,268 SF
Sale Terms: Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/11/2021

Overview / Comments

Great Cottage converted into office use. Office space is very clean with two executive offices, a shared secretarial area / file room, lobby / waiting area, kitchen, bathrooms, and 6-parking spaces with street parking allowed. Current owner/user has occupied his financial business here since 2009. Owner has expanded and is building a new office nearby. Location is on high traffic Dauphin Street on a corner lot. Visibility and signage are a plus. Owner must lease back until new building is complete. Estimated timeline to complete new building is July 2022. Rental Rate: $1,200 per month.

Daily Traffic Count = 18,836

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2907230006129XXX
Zoning: B-1: BUFFER BUSINESS
Property Located Between: Alexander Street and Florida Street on Dauphin Street
Property Visibility: Excellent
Site Description: Corner lot with high visibility
Area Description: Great midtown Mobile location. Close to shopping, Drug Stores, both private and public High Schools, near other professional businesses.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,268 SF
Roof Type: Gambrel
Construction/Siding: Brick
Exterior Description: Brick with Metal Roof
Parking Ratio: 6 (per 1000 SF)
Parking Type: Surface
Parking Description: 6-spaces in all. Street parking is allowed. Handycap access from rear parking lot
Total Parking Spaces: 6
Sprinklers: None
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Very clean with hardwood floors throughout.
Zoning Description: B-1: Buffer Business
Lot Frontage: 52.65
Lot Depth: 151
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: LOT 9 ALEXANDER HGHTS DBK 128 PG 598-599 LESS & EXC THAT PORTION OF LAND INTO R/W OF DAUPHIN ST AS PER RPBK 5722 PG 987 INTO CITY OF MOBILE A MUNICIPAL CORPORATION OF HEREIN DESC: COM AT NE COR OF LOT 9 ALEXANDER HEIGHTS DBK 128 PG 599 TH S 00 DEG 37 MIN 20 SEC E ALG E/L OF LOT 9 A DIS OF 133.11 TO PT THAT IS 50 FT N OF C/L OF DAUPHIN ST FOR POB OF PPTY HEREIN DESC TH CONT S 00 DEG 37 MIN 20 SEC E 16.05 FT TO PT ON N/L OF DAUPHIN ST(68 FT ROW) TH N 86 DEG 06 MIN 29 SEC W ALG N/L OF DAUPHIN ST 43

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,857 92,249 170,254
Median Age: 37.51 35.42 36.54
Households: 5,043 37,504 68,067

Contact

Photograph of Listing Agent

Michael F Reid

Merrill P. Thomas Co, Inc. Gulf Coast CMLS Member
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