357 Congress St Mobile, AL 36603
For Sale
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The current owner of this former Downtown Shanty recently received an esteemed award from Main Street Mobile for the Adaptive Reuse/Renovation. This property was brought back to its former 1875 historical glory, but with the bells and whistles of 2024. The renovation insures that 357 Congress Street will continue to contribute to the character of the downtown neighborhood for years to come. The property is zoned T4 for mixed use and is currently being used as an AirBNB with 2 separate Bedrooms, 2 Kitchenette areas, 2 luxury Bathrooms, a Living Room with a Sleeper Sofa and a separate Laundry Room. However, this building has the perfect layout for a Personal Residence or a Professional Office space. The smaller space on the left has its own front door, access to the Foyer and back door with one large room, closet, Kitchenette, Breakfast area and Bathroom. As you enter the larger space on the right you will walk through a Foyer which could function as a reception area, into a front Living Room and into the back private Bedroom with a closet, access to the Kitchenette, Breakfast area, Bathroom, and the back door. The laundry Room can be accessed by both spaces, off the back deck. The back parking can hold 5 cars and there are spaces to park along the street. This Building was totally renovated, top to bottom: roof, double pane windows, tankless water heater, HVAC system, electrical, plumbing, etc. This home is being sold fully furnished so that a new owner can continue to use it as a rental, or move right into it. Actually, someone could live in the right side, and rent out the left side. Take a look at the night time photo showing the soffit lighting and you will agree that this building is the prettiest in all of downtown. The renovation retained most of the Victorian historical qualities of the exterior façade, the original Fireplaces and Mantles, gleaming hardwood floors and moldings. Records show that the original building was built around 1875, which means it is nearly 150 years old and it is now ready for a new chapter in its life. Come be a part of all the exciting growth of Downtown Mobile, close to restaurants, night life, art studios, and of course Mobile’s renowned Mardi Gras festivities. Call for your private tour today.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.