Midtown Retail/Office

Retail-Commercial for Sale
Catylist Listing ID: 30782648
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 5,400 SF
Gross Building Area: See Agent
Gross Land Area: 15,000 SF
Sale Price: $389,900
Unit Price: $72.20 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: 108 S. Florida Street
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2022

Overview / Comments

5,400sf freestanding building suitable for retail or office. The building could be subdivided to two 2,700sf suites. The floor plan features two large open areas that are segregated by a corridor running through the middle of the building. One side is a fitness studio and the other is a cycling studio. The rear of the building features restrooms, showers and changing rooms. The building is currently leased to a cycling/fitness tenant with a lease expiration of 12/31/2023.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2907230006271XXX
Zoning: B-2 NEIGHBORHOOD BUSINESS
Retail Clientele: General, Family, Business, Recreation, Other
Property Located Between: Dauphin Street and Emogene Street
Property Visibility: Excellent
Largest Nearby Street: Dauphin Street
Highway Access: Florida Street to Airport Blvd. to I-65
Site Description: The parcel is .35 acres and is improved with a 5,400sf freestanding building and an asphalt parking lot and a pylon.
Area Description: The area features other retailers, office uses, salons, a dental practice, multi-family and single-family homes.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,400 SF
Property Condition: Good
Year Renovated: 2018
Construction/Siding: Block
Exterior Description: The exterior consists of an asphalt parking lot with approximately 14 parking stalls and a pylon sign.
Total Parking Spaces: 14
Parking Type: Surface
Parking Description: Asphalt parking lot with approximately 14 parking stalls.
Interior Description: The floor plan features two large open areas that are segregated by a corridor running through the middle of the building. The rear of the building features restrooms, showers and changing rooms.
Zoning Description: B-2 Neighborhood Business
Lot Frontage: 100'
Lot Depth: 150'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,006 92,923 165,610
Median Age: 36.06 35.4 36.77
Households: 5,363 37,745 66,069

Contact

Photograph of Listing Agent

David Dexter

CRE Mobile Gulf Coast CMLS Member
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