Downtown Redevelopment Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 30810289
Property Subtypes: Mixed Use, Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 1,842 SF
Gross Building Area: See Agent
Gross Land Area: 3,358 SF
Sale Price: $159,750
Unit Price: $86.73 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Bayou Street Apartments
Usable Size (USF): 1,842 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/4/2023

Overview / Comments

Downtown Redevelopment Opportunity!

This property consists of three tax parcels and two buildings at 765 St. Anthony St and 162 N Bayou St with ON-SITE AND street parking. St. Anthony is a 750sf wood frame "shotgun house" with a metal roof built in the late 1800's. The interior has essentially been gutted and ready for renovation. The property can be used as an office or residence.
N Bayou St is a 1,092 sf 2-story block building with brick facade. Upstairs is a 2 bedroom, 1 bath apartment. Downstairs is a large room with a bathroom. The utilities for the upstairs and downstairs are separately metered. Downstairs could be used as an office or residence.
Located on the corner of St. Anthony and N Bayou St across from the Mobile County Health Department, and close to St. Louis St where significant investment and redevelopment is occurring.
The properties are zoned SD-WA: Special District Warehouse and located within an opportunity zone. The properties may also be eligible for Historic Tax Credits.

Attachments & Media

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906400003248
Zoning: SD-WA
Property Located Between: St. Anthony St and Bayou St
Property Visibility: Excellent
Area Description: Downtown Mobile where significant investment and redevelopment is occurring.
Total Number of Buildings: 2
Number of Stories: 2
Construction/Siding: Block
Exterior Description: St Anthony is wood frame Bayou St is block
Parking Type: Surface
Parking Description: On-site parking and street parking
Zoning Description: SD-WA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,579 59,860 115,749
Median Age: 39.7 36.83 35.73
Households: 4,231 23,213 45,472

Contact

Photograph of Listing Agent

Pratt Thomas, CCIM

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