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Property profile & analytics
OFF-MARKET
Lifestyle centers

662 St Louis St Mobile, AL 36602

18,568 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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