857 Downtowner Boulevard, Mobile, AL 36609
857 Downtowner Boulevard, Mobile, AL 36609
857 Downtowner Boulevard, Mobile, AL 36609
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David Lewis

David Lewis

+1(850) 261-4660
$899,000
Est. payment /mo
21,142 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 21,142 sqft

Price per Sqft $42

Subdivision Al

MLS Listing ID 399102

Construction Status Resale

Year Built 1978

Lot Size 1.290 Acres

Property Sub-Type Retail

Property Description

21,142 SF Retail/Office Strip Center For Sale857 Downtowner Blvd | Mobile, ALWise Living Real Estate is pleased to present 857 Downtowner Blvd, a multi-tenant retail and office investment opportunity located along one of Mobile's established commercial corridors.Situated on 1.29 acres and zoned B-2, the property consists of 21,142 total square feet with approximately 19,110 rentable square feet divided among nine suites. The center is currently 82.09% occupied, with three vacant suites offering immediate lease-up potential while generating existing cash flow.Recent capital improvements include a new roof and resurfaced parking lot, both completed in 2025, reducing near-term capital expenditure requirements.Suite A is occupied by a medical tenant and is the only tenant currently operating under a long-term lease. The remaining occupied suites are leased on a month-to-month basis, while three suites are currently vacant, providing a new owner with significant upside through lease-up, lease renewals, rental rate increases, and strategic tenant improvements.Available Suites Suite B – 1,500 SF office space* Suite D – 848 SF with an open layout and one private office Suite K – 1,075 SF with large conference and meeting rooms suitable for training, meetings, or collaborative workspaceInvestment Highlights 1.29 Acres* B-2 Zoning 21,142 Total Building SF 19,110 Rentable SF Nine Suites 82.09% Occupied 17.91% Vacant Three Vacant Suites Prime Downtowner Blvd Location New Roof (2025) Resurfaced Parking Lot (2025)Financial SummaryOffering Price: $899,000Cap Rate: 6.98%Annual Gross Rental Income: $99,429.96Net Operating Income (NOI): $62,744.96Annual Operating Expenses: $36,685.00 Property Taxes: $10,885 Insurance: $18,000 Waste Management: $4,200 Common Area Lighting: $1,200 Lawn Care: $2,400. Total Operating Expenses: $36,685. Buyer to verify all information to satisfaction during contingency period(s). Buyer to verify all information during due diligence.

Location

State AL

County Mobile County

Zoning Business/Commercial

Interior

Heating Central

Cooling Central Air

Exterior

Parking Features Common

Utilities Available See Remarks

Garage No

Building

Lot Description Level

Foundation Slab

New Construction No

Construction Status Resale

Others

Senior Community No

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Listed by Wise Living Real Estate, LLC

Nearby School & Business

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David Lewis

David Lewis

+1(850) 261-4660

Broker | BK3237501

Broker BK3237501

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