168 Broad StMobile, AL 36602

Property Details for 168 Broad St

Year built

1985

Lot size

0.32 AC

Property size (Sq ft)

7,490 SF

Property type

Office buildings

APN

29 06 39 0 003 037.XXX

APU

2906390003037XXX

Description

This exceptional 3,000+ square foot office space presents a unique opportunity in Mobile's vibrant downtown core. Located on the completed Broad Street corridor, this newly renovated Class A property boasts a highly desirable location adjacent to the central business district, near the intersection of Government and Broad Streets. The open-concept layout seamlessly integrates six private offices, a dedicated conference room, ample co-working space, a well-equipped kitchen, and three restrooms. The convenience extends beyond the interior, with a private parking lot providing twenty spaces for employees and clients. Its position on the Mardi Gras parade route adds to its unique appeal. The property offers easy walkability to a diverse range of businesses, retail establishments, and entertainment venues in both Downtown Mobile and the charming Oakleigh Garden District. This ground-floor space is perfect for a business seeking a prestigious and functional workspace in a thriving urban setting. The modern amenities and prime location combine to create an unparalleled opportunity for a discerning tenant. The building's attractive design and convenient features make it an ideal choice for businesses seeking a high-quality, well-located office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,014,405

  6.5%

  $936,374

  7%

  $869,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $506,938

  Geo Method

  $532,464

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,104

  Hospitality

  $1,063,565

  Educational

  $884,874

  Medical

  $915,306

  Retail

  $1,376,470

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6838

Longitude

-88.0534

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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