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    104 St Francis St Mobile, AL 36602

    Sponsored
    Source: https://www.saltercompany.com
    For Lease
    $12 SF/Yr ($5,208 /Mo)

    Downtown Mobile Office & Retail Opportunity

    Lot size:
    5,000 SF

    Description

    Added:
    Mar 18, 2025
    Days on Market:
    296
    This exceptional commercial property, located at 104 St Francis St, Mobile, AL 36602, offers flexible office and retail spaces within the prestigious Merchants Plaza. The suite features a 5,000 square foot mezzanine level, perfect for a variety of uses. Additional spaces are available, ranging from 7,400 to 9,600 square feet on the ground and second floors, providing options to accommodate businesses of various sizes. The building enjoys a prime location at the corner of St. Francis and Royal Streets, ensuring high visibility and walkability. With over 500 businesses and 6,500 employees nearby, this location offers unparalleled access to a thriving workforce. The space is delivered as cold shell, allowing for complete customization to meet specific tenant requirements. Building amenities include on-site management and maintenance, security personnel, and convenient parking in a dedicated garage. The lease is a NNN lease with an annual rate of $12.50 per square foot. Contact us to discuss lease terms and explore the possibilities of this exceptional property.

    Property Features for 104 St Francis St

    General Information

    Property type
    Other office properties
    Lease Type
    NNN
    RSF (Rentable sq. ft)
    5,000 SF
    USF (Usable sq. ft)
    5,000 SF
    Class
    C
    Elevators
    Yes
    Total Rate
    5208.33

    Building Details

    Buildings
    1
    Stories
    8

    HighLights

    • 5,000 sq ft mezzanine office/retail space available for lease in Mobile, AL.
    • Located in Merchants Plaza, offering excellent visibility and walkability.
    • Cold shell space allows for tenant customization; on‑site management, security, and parking included.
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Mobile
    State
    Alabama
    Longitude
    -88.122725
    Latitude
    30.687259

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    FAQs

    What type of property is this?
    Office property - Downtown Mobile Office & Retail Opportunity
    Where is this office property located?
    The property is located at 104 St Francis St Mobile, AL.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 5,000 sq ft mezzanine office/retail space available for lease in Mobile, AL.; Located in Merchants Plaza, offering excellent visibility and walkability.; Cold shell space allows for tenant customization; on-site management, security, and parking included.
    (251) 438-4312
    Request Owner's contact information
    104 St Francis 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
    104 St Francis St Mobile, AL 36602
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