69 St Michael St Mobile, AL 36602

This exceptional 1,500 square-foot turnkey restaurant is ideally situated on St. Michael Street in the heart of downtown Mobile, Alabama, 36602. Its prime location offers unparalleled access to a thriving business district, boasting proximity to landmarks such as the Battle House Hotel and the RSA Building. The property benefits from exceptional walkability, placing it within easy reach of over 500 businesses employing more than 6,500 individuals, ensuring a consistent flow of potential customers. The space is fully equipped as a turn-key restaurant and bar, including all furniture, fixtures, and equipment (FF&E), and a fully operational kitchen, minimizing start-up costs and maximizing efficiency for a new owner. Available for immediate occupancy in May 2024, this presents a rare opportunity to acquire an established business in a high-demand location. The lease rate is $21 per square foot per year, NNN, with estimated annual taxes of $1,800 and insurance of $1,500. The sale price for this exceptional property is $399,000. The net usable space is 1298 square feet. This is a remarkable opportunity for an experienced restaurateur seeking a well-established business in a vibrant downtown setting.