156 Lawrence StMobile, AL 36602

Property Details for 156 Lawrence St

Year built

1885

Construction

FRAME

Property size (Sq ft)

1,645 SF

Property type

Office properties

Property subtype

Office buildings

APN

29 06 40 0 011 180.XXX

APU

2906400011180XXX

Description

This exceptional 1,540-square-foot executive office space is ideally situated at 156 S Lawrence St in Mobile, Alabama, zip code 36602. The single-tenant property boasts a functional floor plan, perfect for a small law firm or other professional business. Currently undergoing a complete interior and exterior paint refresh, this historic building offers immediate occupancy. Its prime location directly across from Mobile's civic center, slated for a significant $300 million redevelopment including a new arena, presents a unique investment opportunity. The property's strategic positioning ensures high visibility and accessibility, benefiting from the anticipated increased foot traffic and economic activity generated by the civic center project. The entire 1,540 square feet is currently vacant, providing a blank canvas for a discerning tenant to customize the space to their specific needs. This is a rare chance to secure a well-maintained, historically significant office building in a rapidly developing area of Mobile. The property's size and location make it an attractive option for businesses seeking a prominent presence in a revitalized urban setting. Don't miss this opportunity to establish your business in a thriving and dynamic location.

• CAP approach

  CAP return

  Valuation

  6%

  $222,790

  6.5%

  $205,652

  7%

  $190,963

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,337

  Geo Method

  $116,943

• Alternative Use

  Use

  Valuation

  Residential

  $255,009

  Hospitality

  $233,587

  Educational

  $194,341

  Medical

  $201,025

  Retail

  $302,309

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6865

Longitude

-88.0467

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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