857 Downtowner Boulevard, Mobile, AL

Name: 857 Downtowner Boulevard, For Sale in Mobile - Zoocasa
Brand: Wise Living Real Estate, LLC
SKU: 399102
Price: 899000 USD

House

For Sale

Listed price in listed location currency (USD).

$899,000

000

MLS® 399102

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 8

Lot Size 1.29 Acres

Approx. Age 1978

MLS® Number 399102

Property Address: 857 Downtowner Boulevard, Mobile, AL, 36609

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number399102

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1978

Basement

DrivewayCommon

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Map

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