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Property profile

755 Government St Mobile, AL 36602

OFF-MARKET
Specialty properties
11,000 SF Built 1948
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Property summary

AI-generated overview

This exceptional 11,000-square-foot Class A creative office space is situated on a hard corner at 755 Government Street in Mobile, Alabama's vibrant Downtown submarket. Built in 1948 and extensively renovated in 2023, this single-tenant property boasts a prime location with high visibility and significant foot traffic. The 20,000-square-foot lot provides ample space, including 30 parking spots – exceeding typical Downtown availability. Its strategic location offers easy access to Interstate 10 via a convenient backdoor shortcut, maximizing convenience for employees and clients. The property benefits from its proximity to a variety of amenities, including bars, restaurants, breweries, galleries, dog parks, and libraries, enhancing its appeal and attracting a diverse clientele. The building's location also places it directly on a major parade route, providing unique marketing opportunities. This versatile space, previously used as a retail salon, gallery, and bar, is adaptable to a wide range of creative office uses. The property features sidewalk access and is categorized as Retail, Office, and Special Purpose. While there are no elevators, the building's design and layout are well-suited for creative office tenants. The high daily car count of over 25,000 further underscores the exceptional visibility and accessibility of this unique Downtown Mobile property. This is a rare opportunity to acquire a highly desirable commercial space in a thriving urban core.

Property profile

Verified
Property type Specialty properties
Year built 1948
Total area 11,000 SF

Cap rate & NOI

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

Location

755 Government St Mobile, AL 36602
Mobile metro
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Value estimations

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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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