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    61 St Joseph St Mobile, AL 36602

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $18 SF/Yr ($1,900 /Mo)

    1,267 SF Office Suite, Stunning Views

    Lot size:
    1,267 SF

    Description

    Added:
    Mar 18, 2025
    Days on Market:
    294
    This 1,267 square foot executive suite, located on the 11th floor (Suite 1101) of the historic Waterman-Smith Building in downtown Mobile, Alabama (36602), offers a prestigious address and unparalleled views of Bienville Square, the city center, and the Mobile River. The building, a 1947 landmark originally constructed by the Waterman Steamship Company, boasts Art Deco architecture, recently updated elevators, and a marble-covered lobby with entrances on both St. Joseph and St. Michael Streets. The space features modern modular walls, a large reception area, a dedicated conference room, and a full private break area complete with countertop and sink. Four high-quality wooden workstations are included in the open-concept layout. This full-service lease (3-4 year term) includes one free parking space per 1,000 square feet (additional parking available), a significant benefit in a downtown location. The current owner is offering below-market rates to attract tenants. The building is undergoing renovations, including new interior and exterior lighting and other modern amenities. This is an exceptional opportunity for businesses seeking a prime downtown Mobile location with all the conveniences and benefits of a modern workspace.

    Property Features for 61 St Joseph St

    General Information

    Property type
    Coworking space
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    1,267 SF
    USF (Usable sq. ft)
    1,267 SF
    Class
    A
    Total Parking Spaces
    1
    Elevators
    Yes
    Total Rate
    1900.5
    Lease Term
    3-4 Years

    Building Details

    Buildings
    1
    Stories
    14

    HighLights

    • 1,267 sq ft of executive suites/coworking space on the 11th floor.
    • Located in the historic Waterman‑Smith Building in downtown Mobile, AL.
    • Enjoy free parking (1 space per 1,000 sq ft) and below‑market 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 - 1,267 SF Office Suite, Stunning Views
    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: 1,267 sq ft of executive suites/coworking space on the 11th floor.; Located in the historic Waterman-Smith Building in downtown Mobile, AL.; Enjoy free parking (1 space per 1,000 sq ft) and below-market rates.
    (251) 438-4312
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    61 St Joseph St 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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