Historic DeTonti Square - Building with Vacant Lot For Sale

Multi-Family for Sale
Also listed as Office, Retail-Commercial
Catylist Listing ID: 30675712
Property Subtypes: Mixed Use
Number of Units: 2 Units
Building Size (RSF): 7,700 SF
Gross Land Area: 0.30 Acres
Sale Price: $399,000
Unit Price: $199,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,700 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 1/21/2021

Overview / Comments

Investment Opportunity in DeTonti Square Historic District. The 7,700 sq ft building previously used the lower level for Multiple Apartments, while utilizing the upstairs for an Office Space. Zoned T-4, for Mixed Use. The Prestressed Concrete and Block Wall construction provides a great number of options for its further redevelopment, as there are No Load-Bearing Internal Walls. Ceiling height ranges from 9’ to 12’ throughout. There is an adjacent .25-acre vacant Lot included. Crawl Space between floors for utility access. 3-Phase Power. Copper wiring. Copper plumbing. 2” FR Foam Insulation at exterior walls. Underground shelter through hatch in utility access room. The Downstairs 6/5/1 Bedroom and Bath count is for current framing and plumbing reference, Interior demolition partially done. The Upstairs has 2 Half Baths, in addition to the multiple offices and meeting rooms. Great opportunity to transform this property into the investment that fits your needs.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: R022906400002045.
Zoning: T-4 MIXED USE
Percent Occupied: 0%
Property Located Between: State Street and Congress Street
Highway Access: Hwy 90/Government St - .5 mi I-10 - .5 mi I-165 - .5 mi I-65 - 5 mi
Airports: Brookley Field - 6 miles Mobile Regional Airport - 14 miles
Site Description: In need of interior renovation. Interior demolition begun.
Area Description: DeTonti Square Historic District. Mixed Residential, Business and Multifamily in Downtown Mobile. Nearby to Coffee Shops, Breweries, Eateries, Law Firms
Total Number of Buildings: 1
Number of Stories: 2
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Block and Stucco Exterior. Block Wall surrounding front and rear courtyards.
Parking Type: Surface
Parking Description: Vacant Side Lot for developing parking lot. On-street parking.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Fuel: Gas, Electric
Air Conditioning: Engineered System
Interior Description: Prestressed Concrete construction, no load bearing internal walls. Interior in need to development. Partially Demolished downstairs and upstairs, more so downstairs. 3' utility crawlspace between floors.
Zoning Description: T-4 Mixed use of Low Intensity
Lot Frontage: 111'
Lot Depth: Irregular. 98' and 147'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: LOT 2 JACKSON AND CONGRESS S/D MBK 120 PG 105

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,478 49,535 101,366
Median Age: 41.18 36.96 36.06
Households: 2,332 19,330 39,481


Photograph of Listing Agent

Michael Subirats

Roberts Brothers, Inc. Gulf Coast CMLS Member
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