1,500 SF Turn-key Restaurant in Downtown Mobile

Retail-Commercial for Sale
Catylist Listing ID: 30871863
Property Subtypes: Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Sale Price: $399,000
Unit Price: $266 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/26/2024

Overview / Comments

1,500 SF restaurant
Located on St. Michael Street, near the Battle House Hotel, RSA Building and numerous offices.
Excellent walkability to over 500 business with more than 6,500 employees
Turn-key restaurant/bar space, included FF&E and operating kitchen
Available May 2024
LEASE RATE $21/SF/YR NNN; Taxes $1,800; Insurance: $1,500
SALE PRICE: $399,000

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2906400002182002
Retail Clientele: General, Business, Tourist, Convention
Property Located Between: Royal St & Water St
Property Visibility: Excellent
Largest Nearby Street: Water Street
Tenancy: Single Tenant
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,986 45,975 97,973
Median Age: 37.99 36.17 36.06
Households: 1,553 17,804 38,047


Photograph of Listing Agent

Josh Hall

CRE Mobile Gulf Coast CMLS Member
Photograph of Listing Agent

William Peebles

CRE Mobile Gulf Coast CMLS Member
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