168 Broad StMobile, AL 36602

  • Office properties
  • 7,490 SF
For Lease
$14/SF/YR View listing

Property Details for 168 Broad St

Year built
1985
Lot size
0.32 AC
Property size (Sq ft)
7,490 SF
Property type
Office properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
168 Broad St, Mobile, Alabama

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,755
$5,620
$52,360
$57,980
-
$28,100
$261,800
$289,900

FAQs

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