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    800 Saint Louis St Mobile, AL 36602

    Source: https://www.saltercompany.com
    For Sale
    $2,200,000

    Prime Mobile location, 22,940 SF, historic building.

    Property size:
    22,940 SF

    Description

    Added:
    Feb 5, 2025
    Days on Market:
    306
    This exceptional 22,940 square foot property, located at 800 Saint Louis Street in Mobile, Alabama, 36602, presents a unique redevelopment opportunity. Situated on a 1.33-acre lot, the two-story building boasts a rich history, originally serving as a school associated with St. Joseph's Catholic Church. Subsequently renovated for Wings of Life, a faith-based recovery program, the building now offers immense potential for adaptive reuse. The property occupies an entire city block along the "Automotive Alley" corridor, an area experiencing significant revitalization over the past decade. Its location within an Opportunity Zone opens doors to potential benefits, including Historic Tax Credits and other incentive programs. This presents a rare chance to acquire a substantial property with significant historical character and redevelopment potential in a rapidly evolving area of Mobile. The building's size and location make it suitable for a variety of uses, subject to necessary approvals and permits. Further investigation into potential uses and available incentives is encouraged.

    Property Features for 800 Saint Louis St

    General Information

    Property type
    Other specialty properties
    Square Feet
    22,940 SF
    Price / Square Foot
    $95
    Elevators
    N/A
    Lot Size
    57,935 SF

    Building Details

    Year Built
    1993
    Buildings
    2
    Stories
    2

    HighLights

    • Historic 22,940 sq ft building on a full city block in Mobile, AL.
    • Exceptional redevelopment opportunity in Mobile's thriving "Automotive Alley" corridor.
    • Located in an Opportunity Zone, offering potential tax credits and incentives.
    Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm 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
    -88.054414
    Latitude
    30.690825

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    FAQs

    What type of property is this?
    Specialty property - Prime Mobile location, 22,940 SF, historic building.
    Where is this specialty property located?
    The property is located at 800 Saint Louis St Mobile, AL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Historic 22,940 sq ft building on a full city block in Mobile, AL.; Exceptional redevelopment opportunity in Mobile's thriving "Automotive Alley" corridor.; Located in an Opportunity Zone, offering potential tax credits and incentives.
    (850) 564-0120
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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
    800 Saint Louis St Mobile, AL 36602
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