351 St Francis St Mobile, AL 36602
This iconic 1921 Egyptian Revival building, located at 351 St Francis St, Mobile, AL 36602, is a truly unique investment opportunity. Boasting 58,000+ square feet across four stories, plus a large basement with high ceilings, this 18,000 sq ft lot property offers exceptional versatility. The main floor features a grand ballroom easily accommodating 1000+ guests, ideal for weddings, galas, and other large-scale events. Upper levels include a mix of office spaces, meeting rooms, restrooms, and storage. A magnificent temple room and large auditorium grace the top floor. The original rooftop ballroom and outdoor theater, framed by Egyptian obelisks, provides stunning downtown and bay views. This National Registry of Historic Properties listing includes historic tax credits and potential grants. The asking price is $7,500,000 ($129.31/sq ft), with owner financing a possibility. The property is sold as-is, where-is; buyer to verify all information. This architectural masterpiece presents a rare chance to own a significant piece of Mobile's history. Ceiling heights reach 30 feet.
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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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.