REDUCED PRICE! Venue/Restaurant in Downtown Entertainment District

Retail-Commercial for Sale
Catylist Listing ID: 30013289
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 7,727 SF
Gross Land Area: 0.98 Acres
Sale Price: $1,650,000
Unit Price: $213.54 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,727 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/11/2022

Overview / Comments

Events Venue/Restaurant available for sale, includes adjacent parking lot and additional parking lots across the street. Property has a 7,727 ± SF freestanding building with 0.98 ± acres total. Approximately 320 FT of frontage on Dauphin St. combined. Zoned T5.1, mixed use. Includes whole block plus lot across Dauphin St. Currently an events venue, Azalea Manor (business not for sale). Commercial kitchen includes appliances with sale. Dining tables, chairs and other equipment included. Appx. 3,000 SF nicely-finished courtyard with 2 fireplaces and outdoor furniture. 45 ± parking spaces in adjacent lot, plus 25 ± across street. Building was renovated less than five years ago. In the Downtown Mobile Alliance's Entertainment District! "Outside Consumption of Alcoholic Beverages Permitted" with conditions.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906400010277.000
Zoning: T5.1, MIXED-USE
Retail Clientele: Family, Business, Tourist, Recreation
Property Located Between: Dauphin St. & Conti St.
Property Visibility: Excellent
Largest Nearby Street: US HWY 90 / Government St.
Feet of Frontage: 320
Traffic/Vehicle Count: 23,720
Highway Access: Bienville Square, 0.6 miles, Civic Center, 0.6 miles, Mobile Convention Center, 0.9 miles, Federal Courthouse Site, 1.0 miles, I-10, 1.6 miles, Mobile Aeroplex at Brookley, 3.3 miles, I-65, 5.4 miles, Baldwin County, AL, 9.2 miles
Airports: Mobile Aeroplex at Brookley, Mobile Regional Airport, Pensacola International Airport, Louis Armstrong New Orleans International Airport
Site Description: Located in the Lower Dauphin (LODA) entertainment district of downtown Mobile, just past the Spring Hill Ave. split (Moe’s BBQ). Proximate to Broad St., Government St./HWY 90 (appx. 1 block south), Water St., I-10 and I-65.
Area Description: The subject property is located on the main retail corridor of the downtown Mobile area known as the Lower Dauphin Entertainment District, or LoDa. Foot traffic on LoDa can find restaurants, bars, hotels, boutiques, venues, music halls and more. Home to the original Mardi Gras, Mobile has seen a recent revitalization of retail and office properties in the downtown area with several new eateries opening within the past year alone. Downtown is also looking forward to the new Federal Courthouse and the Innovation Hub on St. Louis St., new construction of the Hilton Garden Inn and Mardi Gras Park, several new apartment complexes and lofts, and the restoration of historic buildings, including the Van Antwerp office tower, Staples-Pake mixed-use development, and the Buick Building tech building. For more information on what’s going on in the downtown area, please visit
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Zoning Description: T5.1, mixed use
Lot Frontage: 320 ft total

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,513 57,267 106,847
Median Age: 40.94 36.77 36.03
Households: 4,063 22,224 41,811


Photograph of Listing Agent

Niki Coker

CRE Mobile
Gulf Coast CMLS Member
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