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    61 St Joseph St Mobile, AL 36602

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $18 SF/Yr ($2,400 /Mo)

    1600 SF, Modern Office Space, Free Parking

    Lot size:
    1,600 SF

    Description

    Added:
    Mar 18, 2025
    Days on Market:
    296
    This exceptional 1600-square-foot executive suite, located on the fifth floor (Suite 502) of the historic Waterman-Smith Building in downtown Mobile, Alabama (36602), offers a blend of classic charm and modern amenities. Situated in a landmark building constructed in 1947 by the Waterman Steamship Company, this space boasts stunning views of Bienville Square, the city center, and the Mobile River. The building features recently updated elevators and a marble-covered lobby, with ongoing renovations enhancing both interior and exterior lighting. The suite itself includes seven private offices and a bullpen area, all freshly painted with new carpeting, making it move-in ready. This full-service lease (3-4 year term) offers a below-market yearly rate of $18 per square foot. One free parking space is included (additional parking available), a rare amenity in downtown Mobile. The ground floor is anchored by Wells Fargo, showcasing the building's impressive Art Deco architecture. Access is available from both St. Joseph and St. Michael Streets. This is an unparalleled opportunity for businesses seeking a prestigious downtown location with exceptional value.

    Property Features for 61 St Joseph St

    General Information

    Property type
    Other office properties
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    1,600 SF
    USF (Usable sq. ft)
    1,600 SF
    Class
    A
    Elevators
    Yes
    Total Rate
    2400
    Lease Term
    3-4 Years

    Building Details

    Buildings
    1
    Stories
    14

    HighLights

    • 1600 sq ft of move‑in ready executive suites and coworking space in a historic downtown Mobile building.
    • Located on the 5th floor with spectacular views of Bienville Square and the Mobile River.
    • Includes free parking (1 space per 1000 sq ft) and below‑market lease rates.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mobile
    State
    Alabama
    Longitude
    -88.119376
    Latitude
    30.687383

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    FAQs

    What type of property is this?
    Office property - 1600 SF, Modern Office Space, Free Parking
    Where is this office property located?
    The property is located at 61 St Joseph St Mobile, AL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 1600 sq ft of move-in ready executive suites and coworking space in a historic downtown Mobile building.; Located on the 5th floor with spectacular views of Bienville Square and the Mobile River.; Includes free parking (1 space per 1000 sq ft) and below-market lease rates.
    (251) 438-4312
    Request Owner's contact information
    61 St Joseph 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
    61 St Joseph St Mobile, AL 36602
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