1206 Montlimar DrMobile, AL 36609

Property Details for 1206 Montlimar Dr

Year built

2005

Lot size

1.50 AC

Property size (Sq ft)

15,000 SF

Property type

Warehouses

APN

28 07 25 3 000 001.06X

APU

280725300000106X

Description

This exceptional Class A, multi-tenant office building presents a compelling investment opportunity. Located at 1206 Montlimar Dr, Mobile, Alabama 36609, this 15,200 square foot property boasts a prime location with excellent visibility and accessibility, featuring 4-lane frontage and proximity to I-65. Built in 2010, the single-story building comprises six individual units, each currently leased under a triple-net (NNN) lease agreement. The property enjoys 100% occupancy, generating a strong and consistent cash flow. With six tenants in place, the risk is mitigated by the diversified tenant base. The asking price is $1,350,000, translating to $88.82 per square foot. The property is zoned B3, and ample parking is available with 45 spaces provided. This turnkey investment offers a stable income stream and significant potential for future appreciation in a thriving Mobile, Alabama market. The property's upscale design and convenient location make it an attractive option for a variety of businesses. This is a rare opportunity to acquire a fully occupied, high-performing commercial property in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $2,722,722

  Hospitality

  $2,493,999

  Educational

  $2,074,978

  Medical

  $2,146,340

  Retail

  $3,227,744

Location Insight

City

Mobile

County

Mobile

State

Alabama

Latitude

30.6654

Longitude

-88.1339

CBSA code

33660

CBSA name

MOBILE, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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