Historic Opportunity

Office for Sale
Catylist Listing ID: 30495126
Property Subtypes: Office Building
Building Size (RSF): 21,639 SF
Gross Building Area: See Agent
Sale Price: $3,600,000
Unit Price: $166.37 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 49
Last Updated: 9/10/2019

Overview / Comments

Opportunity to own a Historic Landmark location in Mobile's CBD. NO.2 South Water and the adjacent NO.3 Dauphin St. A distinctive property and location for recognition in the community, as well as the business world.

Owner occupant opportunity.

Entire floor plates are available for occupancy. Combination of up to approximately 10,626 sf is currently available. Interiors have a distinctive and professional appearance with crown molding and wainscoting throughout. Large arched windows with views overlooking Mobile's working waterfront. For a more casual office experience one floor has been redesigned to a "Big City Loft" appearance

Approximately 49% of the Property is Tenant occupied.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022906400002290.
Zoning: T- 6
Property Visibility: Excellent
Highway Access: Easy access via Water St. to I-10 or I-65.
Site Description: Within walking distance to the vibrant downtown Mobile scene of restaurants, shops, entertainment, as well as city/county government offices , federal courthouse and banks.
Total Number of Buildings: 2
Parking Type: Surface
Parking Description: Tenant parking available next door in City Parking Garage. Customer parking available on site.
Passenger Elevators: 1
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,986 44,324 102,897
Median Age: 37.99 36.12 36.21
Households: 1,553 17,021 40,183

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