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    1409 Government St Mobile, AL 36604

    Source: https://www.saltercompany.com
    For Sale
    $425,000

    Renovation Opportunity: 6,584 SF Office Building

    Property size:
    6,690 SF

    Description

    Added:
    Feb 5, 2025
    Days on Market:
    313
    This 6,584 square foot office building, located at 1409 Government Street in Mobile, Alabama, presents a compelling investment opportunity. Situated in Midtown, this property enjoys excellent visibility on Government Street, directly across from PNC Bank and west of Broad Street. The building's design originally accommodated two tenants, offering potential for owner-occupancy with rental income from the remaining space. The building features a glass storefront providing optimal street presence. The property includes approximately 0.48 acres of land with convenient surface parking located behind the building. A significant recent improvement is a new roof installed in October 2023, featuring a two-ply glass felt, tar organic base, and rubber cap, backed by a five-year warranty. While the building requires renovation, its prime location and adaptable layout make it ideal for a variety of professional uses, such as medical or legal practices. The asking price is $425,000. The total building size is 6,690 square feet, with 6,584 square feet of net usable space. This property offers a unique chance to acquire a well-positioned building in a thriving Mobile neighborhood. Serious inquiries are encouraged.

    Property Features for 1409 Government St

    General Information

    Property type
    Other office properties
    Square Feet
    6,690 SF
    Price / Square Foot
    $63
    Class
    C
    Elevators
    N/A
    Net Rentable
    6,584 SF
    Lot Size
    21,035 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Midtown Mobile location with high visibility on Government Street.
    • 6,584 square feet, offering flexible space for multiple uses.
    • Recently installed roof with a five‑year warranty.
    Insight Report Location Intelligence

    Current Use by Public Records

    Terry Steven PC Attorney Webb Morgan & Co Accountant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -88.069917
    Latitude
    30.680823

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    FAQs

    What type of property is this?
    Office property - Renovation Opportunity: 6,584 SF Office Building
    Where is this office property located?
    The property is located at 1409 Government St Mobile, AL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Midtown Mobile location with high visibility on Government Street.; 6,584 square feet, offering flexible space for multiple uses.; Recently installed roof with a five-year warranty.
    (850) 564-0120
    Request Owner's contact information
    1409 Government St Mobile, AL 36604
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    Mobile, AL 36604
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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
    1409 Government St Mobile, AL 36604
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