Office for Sale
Catylist Listing ID: 30336990
Property Subtypes: Office Building
Building Size (RSF): 30,000 SF
Gross Land Area: 1.12 Acres
Sale Price: $1,520,000
Unit Price: $50.67 PSF
Property Use Type: Business
Building Name: 1509 GOVERNMENT BLVD
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: 7.91%
Average Occupancy Rate: 85
Last Updated: 5/14/2019

Overview / Comments

5 Story Multi-Tenant Office Building For Sale on Government Street in Midtown Mobile Priced. The building has great visibility off of Government with ample parking behind the building. The building is a total of 30,000 SF with 6,000 SF floor plates. The property is currently 85% occupied with approximately 7,100 SF currently vacant giving a new owner the ability to increase the income on the property. .Existing tenants include Harbor Communications and Colonial Life.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: mobile
Tax ID/APN: 2910214003005.000
Zoning: B2
Property Located Between: Broad st. and the Loop across from Winn Dixie.
Property Visibility: Excellent
Highway Access: Government St.
Airports: mobile
Site Description: 1.12 Ac.
Area Description: West of Broad St. and East of the Loop. Across the street from the building is a retail development with Winn-Dixie Grocery Store, Starbucks Coffee, Office Depot, and Papa Johns.
Total Number of Buildings: 1
Number of Stories: 5
Typical SF / Floor: 6,000 SF
Year Built: 1968
Roof Type: Other
Construction/Siding: Brick
Parking Ratio: 2.1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 64
Passenger Elevators: 2
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Other
Interior Description: Nicely built out office space on glass with 50% offices and 50% built in cubicles with break room
Zoning Description: B2
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,657 73,343 129,267
Median Age: 35.85 36.22 36.2
Households: 6,490 28,889 51,177


Photograph of Listing Agent

David Milstead

Bellator Commercial Gulf Coast CMLS Member
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