857 Downtowner Boulevard, Mobile, AL 36609
AL · Mobile County County
Key Facts
Description
21,142 SF Retail/Office Strip Center For Sale857 Downtowner Blvd | Mobile, ALWise Living Real Estate is pleased to present 857 Downtowner Blvd, a multi-tenant retail and office investment opportunity located along one of Mobile's established commercial corridors.Situated on 1.29 acres and zoned B-2, the property consists of 21,142 total square feet with approximately 19,110 rentable square feet divided among nine suites. The center is currently 82.09% occupied, with three vacant suites offering immediate lease-up potential while generating existing cash flow.Recent capital improvements include a new roof and resurfaced parking lot, both completed in 2025, reducing near-term capital expenditure requirements.Suite A is occupied by a medical tenant and is the only tenant currently operating under a long-term lease. The remaining occupied suites are leased on a month-to-month basis, while three suites are currently vacant, providing a new owner with significant upside through lease-up, lease renewals, rental rate increases, and strategic tenant improvements.Available Suites Suite B – 1,500 SF office space* Suite D – 848 SF with an open layout and one private office Suite K – 1,075 SF with large conference and meeting rooms suitable for training, meetings, or collaborative workspaceInvestment Highlights 1.29 Acres* B-2 Zoning 21,142 Total Building SF 19,110 Rentable SF Nine Suites 82.09% Occupied 17.91% Vacant Three Vacant Suites Prime Downtowner Blvd Location New Roof (2025) Resurfaced Parking Lot (2025)Financial SummaryOffering Price: $899,000Cap Rate: 6.98%Annual Gross Rental Income: $99,429.96Net Operating Income (NOI): $62,744.96Annual Operating Expenses: $36,685.00 Property Taxes: $10,885 Insurance: $18,000 Waste Management: $4,200 Common Area Lighting: $1,200 Lawn Care: $2,400. Total Operating Expenses: $36,685. Buyer to verify all information to satisfaction during contingency period(s). Buyer to verify all information during due diligence.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1978
Living Area
21,142 sq ft
Lot Size
1.29 acres
MLS® Listing#
399102
Property Features
Cooling
Heating
Parking
Lot Features
Foundation
Utilities
Financial Details
HOA
None
Parcel Number
280725200001701
Directions
Get off on Airport Blvd and head west for 1 mile. Take a left heading south on Downtowner Blvd. Property will be .5 miles down the road on your left hand side of the road
Affordability Calculator
$179,800
Estimated monthly payment
$4,785/mo
Principal $719,200 · Est. interest $1,003,348 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mobile, AL
- $283,007
- Median Listing Price
- 66
- Median Days on Market
- 1,859
- Median Sq Ft
- $149
- Median Price / Sq Ft
- 1,144
- Active Listings
- This home’s price is 218% above the area median.
- Its price per sq ft is 71% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mobile, AL.
Location
Points of Interest in Mobile, AL
Showing the Mobile area map.
Nearby Schools
Arnold School of Alabama
Secondary · 0.3 mi away
Peace and Joy Learning Center
School · 0.5 mi away
WP Davidson High School
Secondary · 0.7 mi away
Denton Middle School
Secondary · 0.8 mi away
Nazarene Learning Center
School · 1.0 mi away
Fonde Elementary School
Elementary · 1.2 mi away
Westlawn Elementary School
Elementary · 1.4 mi away
St Pius X School
School · 1.6 mi away
St Luke's Episcopal School
Elementary · 1.6 mi away
Royals Academy Inc.
School · 1.7 mi away
Azalea City Montessori
Elementary · 1.7 mi away
Government Street Christian School
School · 1.8 mi away
Government Street Baptist Church
School · 1.8 mi away
Campus Store
School · 1.8 mi away
Cottage Hill Christian Academy
School · 1.8 mi away
St Paul's Episcopal Church
School · 1.9 mi away
Er Dickson Elementary School
Elementary · 1.9 mi away
St Paul's Episcopal School
Secondary · 1.9 mi away
Old Shell Road Magnet School
Elementary · 2.0 mi away
Eichold-Mertz Magnet School of Math, Science and Technology
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3553 Wooley Road, Mobile, AL | $630,900 | 4 | 3 | 3,240 |
| 4080 Government Boulevard, Mobile, AL | $635,000 | — | — | 6,750 |
| 1900 Old Government Street, Mobile, AL | $635,000 | 4 | 4 | 2,804 |
| 424 Pine Court, Mobile, AL | $649,000 | 4 | 3 | 2,480 |
| 6417 Hillcrest Park Court, Mobile, AL | $649,500 | — | — | 8,142 |
| 3658 Dawes Road, Mobile, AL | $649,900 | 4 | 3 | 3,322 |
Moving Cost Estimate
EXIT Agents in Mobile
Listing Courtesy: Wise Living Real Estate, LLC - PHONE: 251-979-9500
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.