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    61 St Joseph St Mobile, AL 36602

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $18 SF/Yr ($750 /Mo)

    Historic building, 500 sq ft, stunning city views.

    Lot size:
    500 SF

    Description

    Added:
    Mar 18, 2025
    Days on Market:
    295
    This exceptional 500-square-foot executive suite, located on the 12th floor (Suite 1230) of the landmark Waterman-Smith Building in downtown Mobile, Alabama (36602), offers a prestigious address and unparalleled amenities. The Waterman-Smith Building, constructed in 1947 by the Waterman Steamship Company, is a historic architectural gem boasting 16 floors with breathtaking views of Bienville Square, the city skyline, and the Mobile River. The building features a beautifully restored marble-covered lobby with recently updated elevators and entrances on both St. Joseph and St. Michael Streets. The ground floor is occupied by Wells Fargo, showcasing impressive Art Deco architecture and murals. This suite includes a reception area, a storage closet, and one large office, all freshly painted with new carpeting. Enjoy spectacular views from your office. A significant advantage is the inclusion of one free parking space per 1,000 square feet (additional parking is available). The building's new owner is currently offering below-market lease rates, making this a truly exceptional opportunity. The lease is a full-service agreement for a term of 3-4 years, with an annual rate of $18 per square foot. This is an ideal location for businesses seeking a prime downtown Mobile address with all the conveniences and modern updates a thriving company needs.

    Property Features for 61 St Joseph St

    General Information

    Property type
    Coworking space
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    500 SF
    USF (Usable sq. ft)
    500 SF
    Class
    A
    Total Parking Spaces
    1
    Elevators
    Yes
    Total Rate
    750
    Lease Term
    3-4 Years

    Building Details

    Buildings
    1
    Stories
    14

    HighLights

    • 500 sq ft executive suite in historic downtown Mobile building.
    • Enjoy spectacular city and river views from the 12th floor.
    • Includes free parking and below‑market rent in a renovated landmark building.
    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, 500 sq ft, stunning city 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: 500 sq ft executive suite in historic downtown Mobile building.; Enjoy spectacular city and river views from the 12th floor.; Includes free parking and below-market rent in a renovated landmark building.
    (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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