Midtown Mobile Office Building for SALE

Office for Sale
Catylist Listing ID: 30663742
Property Subtypes: Office Building
Building Size (RSF): 5,648 SF
Gross Building Area: See Agent
Sale Price: $875,000
Unit Price: $154.92 PSF
Property Use Type: Business
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/13/2021

Overview / Comments

This property is located in an area which is in high demand and also has quick access to the interstate and Downtown Mobile. Immediately after purchasing the property in 2015, the current owner completely renovated the structure inside and out. Taking everything down to the studs in most of the building, it has been completely rewired, replumbed to add 2 tankless hot water systems, added 4 new HVAC units and air ducts throughout along with countless cosmetic updates which include new flooring, sheetrock, vaulted ceilings, trim and molding. On the bottom level there is currently a huge lobby area with a receiving desk, rooms that could make three large offices, at least six small offices, five bathrooms, an employee kitchen/break room along with closets and rooms that provide ample storage. Upstairs, you will find 2 large offices and 2 more bathrooms along with a conference room. This amazing property is located on the corner of 2 of Mobile’s most heavily traveled streets which provides for high visibility and easy access. The outside of the building has been updated with low maintenance vinyl siding and has a handicapped accessible ramp. The roof was just completely replaced in 2019. The outside area/parking lot has plenty of shade from oak and pecan trees and has been beautifully landscaped including an irrigation system. There is also a privacy/security fence to hide all air conditioning units, garbage cans and provide an outside employee area. This is certainly a wonderful property and would be suitable for numerous types of businesses. All updates and renovations are per the seller.

Additional Details

Nearest MSA: Mobile
County: Mobile
Taxing Authority: Mobile
Tax ID/APN: R022907230006234.
Zoning: B2
Property Located Between: Dauphin St
Highway Access: I-65
Airports: Mobile
Number of Stories: 2
Year Built: 1953
Year Renovated: 2015
Total Parking Spaces: 30

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,857 92,249 166,162
Median Age: 37.51 35.42 36.7
Households: 5,043 37,504 66,226


Photograph of Listing Agent

Michelle Preston

EXIT Allstar Realty Gulf Coast CMLS Member
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