For Sale
$1,350,000

1206 Montlimar Dr Mobile, AL 36609

Six-unit plaza, leased, strong ROI potential.

Source: https://www.saltercompany.com

Overview

Added:
Feb 6
Days on market:
81
This exceptional investment opportunity presents a six-unit office and retail plaza ideally situated in Mobile, Alabama, at 1206 Montlimar Dr, 36609. The property encompasses a substantial 15,200 square feet of leasable space, strategically positioned on a generous 1.47-acre lot. Currently fully leased, this multi-tenant building offers a stable income stream and significant potential for future appreciation. The sale price is $1,350,000, representing a compelling investment in a thriving market. The property's structure is designed to accommodate a diverse range of commercial tenants, making it an attractive option for both established businesses and new ventures. Its location provides convenient access to key transportation routes and local amenities, enhancing its appeal to potential tenants and maximizing its investment value. This turnkey investment property requires minimal management, making it an ideal addition to any portfolio seeking consistent cash flow and long-term growth. The sale is structured as an NNN (Net, Net, Net) lease, further minimizing the owner's operational responsibilities. This presents a rare opportunity to acquire a well-established, income-producing property in a desirable location. Detailed financial information is available upon request. Don't miss this chance to secure a profitable and low-maintenance investment.

Highlights

  • Fully leased, six-unit office/retail plaza generating strong rental income.
  • 15,200 square feet on a 1.47-acre lot in Mobile, Alabama.
  • Attractive investment opportunity priced at $1,350,000; NNN lease structure.

Property Details for 1206 Montlimar Dr

Property type
Office properties, Retail properties
Square Feet
15,200 SF
Price / Square Foot
$88.82
Class
B
Year Built
2010
Buildings
1
Stories
1
Total Parking Spaces
58
Elevators
N/A
Lot Size (sq. ft)
64,033 SF

Location Insight

City
Mobile
County
Mobile
State
Alabama

FAQs

What type of property is this?
Office property - Six-unit plaza, leased, strong ROI potential.
Where is the office property located?
The property is located at 1206 Montlimar Dr Mobile, AL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully leased, six-unit office/retail plaza generating strong rental income.; 15,200 square feet on a 1.47-acre lot in Mobile, Alabama.; Attractive investment opportunity priced at $1,350,000; NNN lease structure.
How can I contact the broker?
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1206 Montlimar Dr
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