Technical
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Property profile

662 St Louis St Mobile, AL 36602

OFF-MARKET
Lifestyle centers
18,568 SF
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Property summary

AI-generated overview

This exceptional multi-tenant retail property, the Shoppes at St. Louis, is located in Mobile, Alabama's vibrant Central Business District along St. Louis Street, also known as Automobile Alley. The 18,568 square foot property is offered at $3,779,000, translating to $203.52 per square foot. The property boasts five tenants, a diverse mix of restaurants, bars, and other specialty service businesses. A key feature is an architecturally stunning brewery, uniquely constructed from reclaimed wood and steel sourced from a historic cotton gin. The development showcases careful redevelopment, creating an inviting atmosphere with ample green space and outdoor seating areas. The buildings have been thoughtfully restored to provide a unique and appealing experience for both tenants and patrons. Downtown Mobile is experiencing a resurgence, with high office occupancy rates, indicating a strong and growing local economy. This investment opportunity presents a chance to acquire a thriving retail center in a revitalized and desirable urban location. The property's addresses are 650, 656, and 662 St. Louis Street, Mobile, AL 36602. The land value is $203.56 per square foot.

Property profile

Verified
Property type Lifestyle centers
Total area 18,568 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

662 St Louis St Mobile, AL 36602
Mobile metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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