361 St Louis Street, Mobile, AL 36602

The subject property is a ±57,000-square-foot former storage facility on 0.86 acres in the heart of Downtown Mobile, with direct frontage on St. Louis Street and located one block north of Greer's St. Louis Market. Offered for sale as a flex industrial / office repositioning opportunity, its large-format floor plan suits office, flex, light industrial or service uses. The property is zoned T-5.1 within the City of Mobile's Downtown Development District, a mixed-use district of medium intensity that permits a broad mix of office, retail, commercial, residential, and civic uses by right — supporting a wide range of repositioning strategies without a use variance.

The property sits at the center of a historic wave of investment in Downtown Mobile. Its own corridor is being fully rebuilt under the roughly $17 million St. Louis Street Complete Streets project, repaving all 17 blocks with new sidewalks, drainage, lighting, landscaping, and rebuilt utilities. Surrounding catalysts include the Port of Mobile's $490 million channel deepening — now the deepest container port in the U.S. Gulf with a new berth underway, the $300 million Regions Arena downtown (opening Mardi Gras 2027), the River Walk Plaza waterfront hotel and mixed-use development, and the new Mobile International Airport terminal at Brookley. For an owner-user or investor, 361 St. Louis Street offers a rare combination of scale, flexibility, and location — a repositionable downtown building directly on a fully reinvested corridor, positioned to benefit as the urban core continues to add residents and demand for office, flex, and industrial space.