662 St Louis St Mobile, AL 36602
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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