857 Downtowner Boulevard, Mobile, AL 36609
sale
$899,000
|
Retail
Courtesy Of Wise Living Real Estate, LLC
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.
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Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: 41-50 Years Old
- Building Units: 9
- Floor Covering: Concrete
- Floors: 1
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: BEG AT SW COR OF LOT 20 DOWNTOWN WEST UNIT 1 MBK 17 P 118 RUN N 00 DEG 22 MIN W ALG W/L OF LOT 20 DIS OF 15 FT TH RUN N 89 DEG 38 MIN E 200 FT TH RUN N 00 DEG 22 MIN W 100 FT TH RUN N 89 DEG 38 MIN E 190 FT TH RUN S 00 DEG 22 MIN E 195 FT TH RUN S 89 DEG 38 MIN W 390 FT TO PT ON E RWL OF DOWNTOWNER
- MLSID: 399102
- Roof Type: Composition
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