Property summary
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.
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