Downtown Mobile Office
For Sale
Contact for pricing
500 St Michael St, Mobile, AL 36602
Stand-alone office building with national credit tenant in downtown Mobile.
Property Size8,500 SF
Days on Market1586
Property Features for 500 St Michael St
General Information
Standard status
Active
Size
8,500 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$85,075
Building Details
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Jones Aur
(972) 980-6132
Listed By:
Reid Lanigan · License #TN 364909
Source:
Crexi
Added: Apr 21, 2022
Changed: Aug 23
Last Checked: Aug 23 at 11:20AM
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 Jones Aur
Investment Insights
Based on property information with market context.
This stand-alone office building is located in Downtown Mobile, Alabama. The property is occupied by Automation + Controls Engineering, LLC ("ACE"), a wholly-owned subsidiary of AWC, Inc. AWC, Inc. generates nearly $150 million in annual sales across its 28 companies. ACE specializes in providing advanced Instrument and Electrical Engineering solutions to clients in the Oil and Gas, Specialty Chemicals, Pulp and Paper, Pharmaceutical and Food and Beverage industries. The company designs Automation and Control Systems for every major brand of Distributed Control System (DCS) and Programmable Logic Controllers (PLC) currently in use. The property has been newly renovated and offers an investment opportunity with minimal Landlord responsibility. The property size is 8,500 square feet. There are five years of term remaining.
Key Highlights
- National credit tenant (Automation + Controls Engineering, LLC, a subsidiary of AWC, Inc.) ensures stable income.
- Newly renovated property, ready for seamless operations.
- Located in Downtown Mobile, Alabama offering a prime business address.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 36602, AL
910
Population
802
Households
1.1
Avg Household Size
56
Median Age
45%
College-Educated
91%
High-School Grad
3.9 sq mi
ZIP Area
233
Density / Sq Mi
$35,000
Median Household Income
$48,523
Median Earnings
$596
Median Rent
$258,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Stand-alone office building with national credit tenant in downtown Mobile.
Where is this office building located?
The property is located at 500 St Michael St Mobile, AL.
What are key features of this property?
This property features: National credit tenant (Automation + Controls Engineering, LLC, a subsidiary of AWC, Inc.) ensures stable income.; Newly renovated property, ready for seamless operations.; Located in Downtown Mobile, Alabama offering a prime business address.
