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    800 St Louis St Mobile, AL 36602

    Sponsored
    For Sale
    $2,200,000

    Historic School Building, 22,940 SF

    Property size:
    22,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional redevelopment opportunity presents a unique chance to acquire a 22,940 square foot, two-story historic building situated on a 1.3-acre lot in Mobile, Alabama. Located at 800 St. Louis Street, this property occupies an entire city block within the vibrant "Automotive Alley" corridor, an area experiencing significant revitalization over the past decade. The building, originally a school associated with St. Joseph's Catholic Church, has been previously renovated and used as a faith-based recovery program. Currently zoned SD-WH Special District, this prime location offers substantial potential for various uses. The asking price is $2,200,000, translating to $95.90 per square foot. Its designation as an Opportunity Zone property opens doors to potential tax incentives and other advantageous programs, including the possibility of utilizing Historic Tax Credits. This is a rare chance to acquire a significant piece of Mobile's history and contribute to the ongoing revitalization of a thriving commercial area. The property's size and location make it an ideal candidate for a wide range of redevelopment projects.

    Property Features for 800 St Louis St

    General Information

    Property type
    Schools
    Square Feet
    22,940 SF
    Lot Size
    56,628 SF

    HighLights

    • $2,200,000 asking price for a special purpose property.
    • 22,940 square feet on a 1.3‑acre lot.
    • $95.90 price per square foot.
    • SD‑WH Special District zoning.
    • Located in Mobile, Alabama, in an Opportunity Zone, along the "Automotive Alley" corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Map

    City
    Mobile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.054106507038
    Latitude
    30.690426012809

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    FAQs

    What type of property is this?
    School - Historic School Building, 22,940 SF
    Where is this school located?
    The property is located at 800 St Louis St Mobile, AL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: $2,200,000 asking price for a special purpose property.; 22,940 square feet on a 1.3-acre lot.; $95.90 price per square foot.
    Request Owner's contact information
    800 St Louis 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
    800 St Louis St Mobile, AL 36602
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