1206 Montlimar Dr Mobile, AL 36609
- Warehouses
- 15,000 SF
- 1.50 lot acres
Current Use by Public Records
- Gulf Coast Tax Service LLC / Tax Preparation / Service Establishment
- SURGE Staffing / Employment Agency / Recruiter
Property Details for 1206 Montlimar Dr
- Year built
- 2005
- Lot size
- 1.50 lot acres
- Property size
- 15,000 SF
- Property type
- Warehouses
- APN
- 28 07 25 3 000 001.06X
- APU
- 280725300000106X
Description
This exceptional Class A, multi-tenant office building presents a compelling investment opportunity. Located at 1206 Montlimar Dr, Mobile, Alabama 36609, this 15,200 square foot property boasts a prime location with excellent visibility and accessibility, featuring 4-lane frontage and proximity to I-65. Built in 2010, the single-story building comprises six individual units, each currently leased under a triple-net (NNN) lease agreement. The property enjoys 100% occupancy, generating a strong and consistent cash flow. With six tenants in place, the risk is mitigated by the diversified tenant base. The asking price is $1,350,000, translating to $88.82 per square foot. The property is zoned B3, and ample parking is available with 45 spaces provided. This turnkey investment offers a stable income stream and significant potential for future appreciation in a thriving Mobile, Alabama market. The property's upscale design and convenient location make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a fully occupied, high-performing commercial property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Longitude
- -88.1339
- Latitude
- 30.6654
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
