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    659 Dauphin St Mobile, AL 36602

    Source: https://www.saltercompany.com
    For Lease
    $20 SF/Yr ($3,333 /Mo)

    Prime 2,000 SF restaurant/bar space available. High-traffic location.

    Lot size:
    2,000 SF

    Description

    Added:
    Feb 28, 2025
    Days on Market:
    289
    This exceptional 2,000 square foot restaurant or bar space is ideally situated in the heart of Downtown Mobile, at the intersection of Dauphin Street and Springhill Avenue, just east of Broad Street. Currently vacant, the first-floor space presents a blank canvas for a vibrant culinary or entertainment establishment. The building is undergoing renovations, with plans to transform the second floor into residential apartments. This revitalization project promises to enhance the area's appeal and attract a diverse clientele. A significant advantage is the availability of an adjacent vacant lot, offering potential for lease as additional parking or the creation of an attractive outdoor seating area or venue, expanding the operational possibilities for the tenant. While the second floor is slated for residential conversion, there's potential for the first-floor tenant to lease this additional space as well. The lease is a NNN (Net, Net, Net) type, with an annual rent of $20 per square foot. This location offers unparalleled visibility and accessibility in a rapidly developing downtown area. Seize this opportunity to establish your business in a thriving Mobile location.

    Property Features for 659 Dauphin St

    General Information

    Property type
    Restaurants
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    2,000 SF
    USF (Usable sq. ft)
    2,000 SF
    Elevators
    N/A
    Total Rate
    3333.33

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    2

    HighLights

    • Prime Downtown Mobile location at Dauphin & Springhill Streets.
    • 2,000 square feet available for restaurant or bar use.
    • Adjacent vacant lot offers potential for outdoor space or parking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail 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
    -87.712216
    Latitude
    30.407176

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    FAQs

    What type of property is this?
    Restaurant - Prime 2,000 SF restaurant/bar space available. High-traffic location.
    Where is this restaurant located?
    The property is located at 659 Dauphin St Mobile, AL.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Prime Downtown Mobile location at Dauphin & Springhill Streets.; 2,000 square feet available for restaurant or bar use.; Adjacent vacant lot offers potential for outdoor space or parking.
    (251) 344-1444
    Request Owner's contact information
    659 Dauphin 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
    659 Dauphin St Mobile, AL 36602
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