762 Downtowner LoopMobile, AL 36609

Property Details for 762 Downtowner Loop

Year built

1974

Lot size

0.77 AC

Property size (Sq ft)

15,048 SF

Property type

Office properties

Property subtype

Office buildings

APN

28 07 26 1 000 021.XXX

APU

2807261000021XXX

Description

This three-story, 15,000-square-foot office complex in Mobile, Alabama, offers flexible spaces ranging from 500 to 5,000 contiguous square feet. Built in 1974 and renovated in 2016, the Class C building features 5 suites, with 5,500 square feet currently vacant. Located at 762 Downtowner Loop W, near Airport Blvd, this property provides convenient access to restaurants, retail, and banking services. Amenities include ample parking (25+ spaces), one elevator, and six restrooms conveniently located on each floor. The second floor offers space for three tenants, including a 2,500-square-foot suite and a shared conference room. The third floor also accommodates three tenants, with suites ranging from 500 to 5,000 square feet, along with a shared conference room and kitchen. The building sits on 0.767 acres and is zoned B-3: Community Business. The solid concrete structure boasts a 12.5 FAR and is served by Alabama Power. This is an excellent opportunity for businesses seeking versatile and well-maintained office space in a prime Mobile location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,386,334

  6.5%

  $2,202,770

  7%

  $2,045,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,147,875

  Geo Method

  $1,069,762

• Alternative Use

  Use

  Valuation

  Residential

  $2,731,435

  Hospitality

  $2,501,980

  Educational

  $2,081,618

  Medical

  $2,153,208

  Retail

  $3,238,072

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6731

Longitude

-88.1449

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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