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    507 Church St Mobile, AL 36602

    Source: https://www.saltercompany.com
    For Sale
    $595,000

    Historic Charm, Modern Updates, High Income

    Property size:
    3,666 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This 3,400 square foot office building in Mobile, Alabama, presents a unique investment opportunity. Located at 507 Church St, 36602, this property boasts a recently installed roof and HVAC system, ensuring low maintenance costs for the new owner. The building currently features eight plus offices, a kitchen, ample storage space, and a dedicated conference room, providing versatile space for various business needs. The building sits on a 7,774+/- square foot lot (0.19 acres) and is zoned T-4. Rear parking is available for tenants and staff. Currently generating a strong income stream with two gross leases in place – Farmers Insurance ($1,500/month) and a law firm ($1,800/month) – this property offers immediate return on investment. Built in 1903, a recent appraisal is available for review. The building's adaptable design allows for potential conversion back into a residential property, offering further investment flexibility. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Mobile location.

    Property Features for 507 Church St

    General Information

    Property type
    Residential offices
    Square Feet
    3,666 SF
    Price / Square Foot
    $162
    Class
    C
    Elevators
    N/A
    Net Rentable
    3,400 SF
    Lot Size
    8,283 SF

    Building Details

    Year Built
    1903
    Buildings
    1
    Stories
    2

    HighLights

    • Prime Mobile, AL location on Church Street.
    • Recently updated with a new roof and HVAC system.
    • Generates $3,300 monthly income from existing leases.
    Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Brian ... Insurance Agency K. Fitzgerald Finley ... Attorney Vaughan, Poe, and Bishop, ... Insurance Attorney GREGORY E. VAUGHAN Attorney McCleave & Shields, L.L.C. Law Firm

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -88.047068
    Latitude
    30.686743

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    FAQs

    What type of property is this?
    Residential office - Historic Charm, Modern Updates, High Income
    Where is this residential office located?
    The property is located at 507 Church St Mobile, AL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Prime Mobile, AL location on Church Street.; Recently updated with a new roof and HVAC system.; Generates $3,300 monthly income from existing leases.
    (850) 564-0120
    Request Owner's contact information
    507 Church St Mobile, AL 36602
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    Mobile, AL 36602
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Church St Mobile, AL 36602
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