Listed by Merrill P. Thomas
$980,000
762 Downtowner Loop W
Details
Property Type Retail
Sub Type Commercial
Square Footage 15,000
Cap Rate 10.14%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $65
Class B
Year Renovated 2016, 2018, 2023 & 2024.
Buildings 1
Stories 3
Acreage 0.750
Zoning B-3
Parking Spaces 3.64 per 1,000 sq ft
Retail | 10.14% CAP | 15,000 SqFt
Marketing description
Currently 100% Occupied (01/01/2026)
This 15,000sf, centrally located income producing multi-tenant office complex, is 100% occupied. Located just 0.3 miles from busy Airport Blvd in Mobile, AL it provides tenants with close proximity to restaurants, retail, banks, schools and more.
Investment highlights
- Very clean well-maintained property & grounds
- Ample on-site parking
- Prominent pylon signage
- Solid concrete construction
- Shared conference room
- Shared kitchen access
- 2 restrooms on each floor
- Gross Yearly Income: $162,774.
- Solid Leases
- Good Tenant Mix
- First and Second Floor HVAC Replaced in 2023 & 2024.
- Parking Lot Lighting New in 2025
- Total Parking: 53
- Land (SF): 32,670 SF
Listing Contacts
Listed by Merrill P. Thomas
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