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Property profile

351 St Francis St Mobile, AL 36602

OFF-MARKET
Specialty properties
58,000 SF Built 1921
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties
Year built 1921
Total area 58,000 SF

Cap rate & NOI

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

Location

351 St Francis 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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