11 Midtown ParkMobile, AL 36606
- Office properties
- 5,574 SF
Property Details for 11 Midtown Park
- Year built
- 1972
- Lot size
- 0.37 AC
- Property size (Sq ft)
- 5,574 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 29 08 19 2 001 037.XXX
- APU
- 2908192001037XXX
Description
This single-story, 5,574-square-foot Class C office building is situated on a 0.37-acre lot (16,049 sq ft) in Mobile, Alabama's desirable Midtown area, conveniently located east of I-65 and near Dauphin Street. Built in 1972 and renovated in 2009, the property boasts five units and is zoned B-3, making it ideal for professional or medical use. The functional layout includes a spacious lobby/waiting area, multiple private offices, conference rooms, a break room, a dedicated "clean room," and two restrooms. A significant advantage is the inclusion of a full generator, ensuring business continuity. The asking price is $589,000, translating to $105.67 per square foot. The property's ample space and versatile design cater to a variety of professional needs. While currently available for sale, lease options are also being considered.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $754,913
- 6.5%
- $696,842
- 7%
- $647,068
-
Comparable approach
- Method
- Valuation
- Relative Method
- $377,259
- Geo Method
- $396,256
-
Alternative Use
- Use
- Valuation
- Residential
- $864,085
- Hospitality
- $791,497
- Educational
- $658,516
- Medical
- $681,164
- Retail
- $1,024,358
Location Insight
- City
- Mobile
- County
- Mobile
- State
- Alabama
- Latitude
- 30.6884
- Longitude
- -88.1204
- CBSA code
- 33660
- CBSA name
- MOBILE, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].