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    67 St Michael St Mobile, AL 36602

    Source: https://www.saltercompany.com
    For Sale
    $225,000

    Prime location, 2,926 SF, reduced price.

    Property size:
    3,049 SF

    Description

    Added:
    Feb 6, 2025
    Days on Market:
    312
    This exceptional 2,926 square foot redevelopment site presents a unique opportunity in the heart of Downtown Mobile, Alabama. Located at 67 St. Michael St, Mobile, AL 36602, this 0.07-acre property boasts approximately 40 feet of frontage on St. Michael Street. Its advantageous position offers convenient access to the vibrant downtown area, placing it within walking distance of numerous restaurants, shops, businesses, and local events. The property's proximity to the historic First National Bank building (also available for purchase) provides potential for synergistic development or additional parking solutions. This versatile site is ideally suited for a variety of projects, including multi-family residential development, commercial ventures, or the creation of a much-needed parking facility to serve the surrounding buildings. The total building size is approximately 3,049 square feet. This significantly reduced price makes this a compelling investment opportunity in a high-demand downtown location. Don't miss this chance to acquire a prime piece of Mobile real estate.

    Property Features for 67 St Michael St

    General Information

    Property type
    Other specialty properties
    Square Feet
    3,049 SF
    Price / Square Foot
    $73
    Class
    C
    Elevators
    N/A
    Net Rentable
    2,926 SF
    Lot Size
    2,931 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Prime downtown Mobile location, walking distance to amenities.
    • 2,926 sq ft redevelopment site with 40 sq ft of street frontage.
    • Reduced price, ideal for multi‑family, commercial, or parking development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Specialty properties

    Map

    City
    Mobile
    State
    Alabama

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    FAQs

    What type of property is this?
    Specialty property - Prime location, 2,926 SF, reduced price.
    Where is this specialty property located?
    The property is located at 67 St Michael St Mobile, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Prime downtown Mobile location, walking distance to amenities.; 2,926 sq ft redevelopment site with 40 sq ft of street frontage.; Reduced price, ideal for multi-family, commercial, or parking development.
    (850) 564-0120
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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
    67 St Michael St Mobile, AL 36602
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