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Updated Office Building For Sale
For Sale
$875,000

1142 Montlimar Drive, Mobile, AL 36609

6300 SF office building with recent updates and ample parking.

Property Size6,300 SF
Lot Size0.60 Acres
Price / SF$138.89
Days on Market580

Property Features for 1142 Montlimar Drive

General Information

Standard status Active
Size 6,300 SF
Lot size 0.60 Acres
Property subtype Commercial/Industrial

Building Details

Year Built 1998
Listing Agency: Berkshire Hathaway Homeservices Cooper & Co
Listed By: Doug Adams
Source: Exitrealty
Added: Dec 28, 2024 Changed: Jul 6 Last Checked: Jul 31 at 5:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Homeservices Cooper & Co

Investment Insights

Based on property information with market context.

This approximately 6300 square foot office building has been updated in the last four years. Updates include repainted and resealed stucco, reworked gutters and downspouts, interior paint, new flooring, and a metal roof. The building features private offices, open office areas, and glass-walled offices, with functional spaces on both the upper and lower levels. A large conference room, currently used as a multi-office space, is available. The property also includes a full kitchen downstairs and a breakroom area upstairs. Ample parking is provided in both the front and back of the building. The current tenant has the option to stay, paying $6300 per month, or vacate the premises.

Key Highlights

  • Potential for immediate rental income ($6300/month) or vacant possession
  • Recently updated with repainted/resealed stucco, reworked gutters/downspouts, interior paint, new flooring, and metal roof
  • Large 6300 sf +/- office building

Property Analytics

Current Use

Alliance Engineering Engineer Retrēv (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Kitchen & Bath Showroom Garden Center Gym & Fitness Center Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,515
Businesses Nearby

Demographics for 36609, AL

24,265
Population
12,701
Households
1.9
Avg Household Size
35
Median Age
34%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
3,622
Density / Sq Mi
$49,724
Median Household Income
$36,458
Median Earnings
$1,072
Median Rent
$201,800
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 6300 SF office building with recent updates and ample parking.
Where is this office building located?
The property is located at 1142 Montlimar Drive Mobile, AL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Potential for immediate rental income ($6300/month) or vacant possession; Recently updated with repainted/resealed stucco, reworked gutters/downspouts, interior paint, new flooring, and metal roof; Large 6300 sf +/- office building
More about this property
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