Two-Building Complex - Midtown Mobile

Office for Sale
Sale Pending
Catylist Listing ID: 30872383
Property Subtypes: Net Leased, Office Building
Status: Pending
Building Size (RSF): 7,152 SF
Gross Land Area: 0.57 Acres
Sale Price: $1,389,900
Unit Price: $194.34 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/25/2024

Overview / Comments

Two-building complex located on N. Florida Street in vibrant Midtown Mobile. 50 N. Florida Street is a Class A two-story professional office building featuring (14) private offices, (2) conference rooms, (2) bullpens, (2) break rooms, reception/lobby area, balcony and (2) executive offices with private restrooms and showers. The building has 12-foot ceilings and a back-up generator.

30 N. Florida Street is a 1,200-sf single-story building that is occupied by a family counseling practice on a NNN lease that runs through 8/25/2028. Financials are available upon request.

The office buildings are situated upon a 0.57 acre-parcel with 150' of frontage on N. Florida Street. The property is zoned B-1 - Buffer Business.

Additional Details

Nearest MSA: Mobile
County: Mobile
Tax ID/APN: 2907230006067XXX
Zoning: B-1 - BUFFER BUSINESS
Property Located Between: Dauphin Street and Old Shell Road
Property Visibility: Excellent
Highway Access: N. Florida Street to either Springhill Avenue or Dauphin Street to I-65
Site Description: The site consists of 0.57 of land (24,829sf) with 150' of frontage on N. Florida Street. The parcel has two freestanding commercial buildings and (29) parking stalls that ae shared. The site features hardwood trees, St. Augustine grass and attractive landscaping.
Area Description: The area features professional office, retail, sit-down restaurants, schools, churches and residential neighborhoods. Midtown Mobile is vibrant and a popular place to reside.
Total Number of Buildings: 2
Number of Stories: 2
Typical SF / Floor: 2,976 SF
Year Built: 2004
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: The exterior of 50 N. Florida Street features hardwood trees, St. Augustine grass and attractive landscaping. There is a parking lot with 29 parking stalls, a balcony and a monument sign.
Parking Type: Surface
Parking Description: 29 surface parking stalls - shared
Total Parking Spaces: 29
Internet Access: Fiber Optic
Interior Description: The interior features 12' ceilings, (14) private offices, (2) conference rooms, (2) bullpen areas, (2) break rooms, reception/lobby area and (2) executive offices with private restrooms and showers.
Zoning Description: B-1 - Buffer Business
Lot Frontage: 150
Lot Depth: 165
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 1 GREENE & PHILLIPS S/D MBK 101/41 #SEC 23 T4S R1W #MP29 07 23 0 006

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,339 89,980 166,437
Median Age: 37.91 35.27 36.46
Households: 5,610 36,660 66,045

Contact

Photograph of Listing Agent

David Dexter

CRE Mobile Gulf Coast CMLS Member
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