1111 Government St Mobile, AL 36604-2439
This exceptional turnkey restaurant opportunity is located at 1111 Government Street in Mobile, Alabama, within the vibrant Oakleigh Garden District. The property boasts a substantial 5,220 square feet of space, previously occupied by the well-known Saucy Q BBQ restaurant, offering immediate brand recognition within the community. The building is situated on a generous 46,060 square foot lot, providing ample parking – a rare and valuable asset in the downtown area. The asking price is $995,999, translating to $190.80 per square foot. The single-story building is zoned B2 and features a layout well-suited for restaurant operations. The interior includes a large seating area, multiple televisions ideal for game-day viewing, and a dedicated private dining area perfect for special events or private parties. This property presents a unique chance to acquire a fully equipped restaurant in a prime downtown location with built-in customer familiarity and a significant parking advantage. The property's history and location within the historic Oakleigh Garden district offer a compelling combination of established presence and desirable neighborhood appeal. This is an owner/user investment opportunity not to be missed.
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Saucy Q Bar B Que Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.