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Property profile & analytics
OFF-MARKET
Turn key restaurants

1111 Government St Mobile, AL 36604-2439

5,444 SF 1.04 ac lot Built 1993
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-0036204
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1993
Total area 5,444 SF
Lot 1.04 ac (45,440 SF)
APN 29 06 39 0 004 060.XXX
UPID US03-0036204
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Saucy Q Bar B Que Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Wingfield,elbert · 21 yrs held
Wingfield,elbert
since 2004
1 recorded transaction
2004
$585,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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