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    61 St Joseph St Mobile, AL 36602

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $18 SF/Yr ($2,167 /Mo)

    1445 SF Office Space, Stunning Views

    Lot size:
    1,445 SF

    Description

    Added:
    Mar 18, 2025
    Days on Market:
    294
    This exceptional 1,445 square foot executive suite, located on the 14th floor (Suite 1402) of the historic Waterman-Smith Building in downtown Mobile, Alabama (36602), offers unparalleled views of Bienville Square, the city, and the Mobile River. Situated in a landmark building constructed in 1947 by the Waterman Steamship Company, this full-service office space boasts modern glass window walls, a reception area, and private offices. The 14th floor also features a private kitchen for tenant use, complete with bar/tables and appliances. The Waterman-Smith Building offers convenient access from both St. Joseph and St. Michael Streets, with recently updated elevators and a marble-covered lobby. The building's ground floor is anchored by Wells Fargo, showcasing impressive Art Deco architecture and murals. Current renovations include updated interior and exterior lighting and other modern amenities. A significant benefit is the inclusion of free parking (one space per 1,000 square feet, with additional parking available), a rare amenity in downtown Mobile. This space is currently available at below-market rates, presenting a unique opportunity for businesses seeking a prestigious downtown location with exceptional amenities and views. The lease term is for 3-4 years.

    Property Features for 61 St Joseph St

    General Information

    Property type
    Coworking space
    Lease Type
    Full Service
    RSF (Rentable sq. ft)
    1,445 SF
    USF (Usable sq. ft)
    1,445 SF
    Class
    A
    Total Parking Spaces
    1
    Elevators
    Yes
    Total Rate
    2167.5
    Lease Term
    3-4 Years

    Building Details

    Buildings
    1
    Stories
    16

    HighLights

    • 1,445 sq ft of executive suites/coworking space on the 14th floor.
    • Enjoy stunning views of Bienville Square, downtown Mobile, and the Mobile River.
    • Free parking (1 space per 1,000 sq ft) plus additional parking available; below‑market rates offered.
    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 - 1445 SF Office Space, 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: 1,445 sq ft of executive suites/coworking space on the 14th floor.; Enjoy stunning views of Bienville Square, downtown Mobile, and the Mobile River.; Free parking (1 space per 1,000 sq ft) plus additional parking available; below-market rates offered.
    (251) 438-4312
    Request Owner's contact information
    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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