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    61 St Joseph St Mobile, AL 36602

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $18 SF/Yr ($4,950 /Mo)

    Historic building, prime location, flexible space.

    Lot size:
    3,300 SF

    Description

    Added:
    Mar 18, 2025
    Days on Market:
    297
    This exceptional 1,000-3,300 square foot office space, located on the 10th floor (Suite 1000) of the landmark Waterman-Smith Building in downtown Mobile, Alabama (36602), offers a unique opportunity. Situated in a beautifully restored Art Deco building, this Class A space boasts stunning views of Bienville Square, the downtown area, and the Mobile River. The building, originally constructed by the Waterman Steamship Company in 1947, features recently updated elevators and a marble-covered lobby. Recent renovations include new interior and exterior lighting, modernized amenities, and fresh paint and carpeting. This turnkey space includes modular window walls, private offices, conference rooms, a break area, and a kitchen. Tenants enjoy the benefit of free parking (one space per 1,000 square feet, with additional parking available). The lease is a full-service agreement for a 3-4 year term, with an attractive below-market yearly rate of $18 per square foot. This is an ideal location for businesses seeking a prestigious address in the heart of Mobile, with easy access to all downtown amenities. The building's ground floor is anchored by Wells Fargo, further enhancing its prime location and desirability. The space offers southeast and west views of the city.

    Property Features for 61 St Joseph St

    General Information

    Property type
    Coworking space
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    3,300 SF
    USF (Usable sq. ft)
    3,300 SF
    Class
    A
    Total Parking Spaces
    1
    Elevators
    Yes
    Total Rate
    4950
    Lease Term
    3-4 Years

    Building Details

    Buildings
    1
    Stories
    14

    HighLights

    • Historic downtown Mobile location with stunning city and river views.
    • 1,000‑3,300 sq ft of Class A office space, fully renovated with modern amenities.
    • Free parking included (1 space per 1,000 sq ft), plus 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?
    Coworking space - Historic building, prime location, flexible space.
    Where is this coworking space 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: Historic downtown Mobile location with stunning city and river views.; 1,000-3,300 sq ft of Class A office space, fully renovated with modern amenities.; Free parking included (1 space per 1,000 sq ft), plus below-market lease rates.
    (251) 438-4312
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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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