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361 St Louis St 57,554 SF Industrial Building Mobile, AL 36602 $5,500,000 ($95.56/SF)
Investment Highlights
- ±57,000-square-foot structure on 0.86 acres with direct St. Louis Street frontage.
- Located within Mobile’s Downtown Development District, supporting urban revitalization.
- Proximity to major projects including the $490 million Port expansion and the new $300 Million Regions Arena Currently Under Construction
- Zoned T-5.1 allowing office, retail, residential, and mixed-use by right.
- Fronts a $17 million Complete Streets initiative enhancing infrastructure and streetscape.
- New Mobile International Airport at Brookley – New River Walk Plaza near by
Executive Summary
Zoned T-5.1 within the City of Mobile’s Downtown Development District, this site permits a broad mix of uses — including office, retail, residential, commercial, and civic uses — without requiring a variance. This flexibility supports diverse redevelopment strategies, appealing to both owner-users and investors seeking to leverage Mobile’s growing downtown vitality.
The asset is positioned along a corridor undergoing a $17 million infrastructure transformation via the St. Louis Street Complete Streets project, which is revitalizing 17 blocks with new sidewalks, utilities, lighting, drainage, and landscaping. Surrounding catalysts include the $490 million Port of Mobile channel deepening (making it the deepest container port in the U.S. Gulf), the forthcoming $300 million Regions Arena downtown, the River Walk Plaza waterfront development, and the new Mobile International Airport terminal.
With its scale, central location, and zoning advantages, 361 St. Louis Street offers an exceptional opportunity to create a modern mixed-use asset that meets the city’s rising demand for office, industrial, and service-oriented spaces.
Property Facts
Amenities
- Bus Line
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
361 St. Louis Street presents a unique opportunity to lease ±57,000 square feet of flexible industrial and office space in the heart of Downtown Mobile. Situated on a 0.86-acre parcel with prominent frontage along St. Louis Street, this property offers unmatched visibility one block north of Greer’s St. Louis Market, the key grocery anchor serving downtown and midtown residents. The expansive, adaptable floor plan is well-suited for a variety of tenant uses, including office, flex, light industrial, service, maker, or assembly operations. Zoned T-5.1 within the City of Mobile’s Downtown Development District, the property allows a broad range of uses by right, eliminating the need for additional zoning approvals and giving tenants unparalleled flexibility. Positioned within a district experiencing transformative investment, the property benefits from extensive infrastructure upgrades via the $17 million St. Louis Street Complete Streets initiative, which includes new sidewalks, lighting, drainage, and utilities across a 17-block corridor. Surrounding economic catalysts include the $490 million Port of Mobile expansion, the under-construction $300 million Regions Arena, River Walk Plaza waterfront development, and the new Mobile International Airport terminal. For businesses seeking scale, versatility, and a central location, this property offers a rare opportunity to secure a dynamic footprint at the center of Mobile’s ongoing urban resurgence.
361 St. Louis Street presents a unique opportunity to lease ±57,000 square feet of flexible industrial and office space in the heart of Downtown Mobile. Situated on a 0.86-acre parcel with prominent frontage along St. Louis Street, this property offers unmatched visibility one block north of Greer’s St. Louis Market, the key grocery anchor serving downtown and midtown residents. The expansive, adaptable floor plan is well-suited for a variety of tenant uses, including office, flex, light industrial, service, maker, or assembly operations. Zoned T-5.1 within the City of Mobile’s Downtown Development District, the property allows a broad range of uses by right, eliminating the need for additional zoning approvals and giving tenants unparalleled flexibility. Positioned within a district experiencing transformative investment, the property benefits from extensive infrastructure upgrades via the $17 million St. Louis Street Complete Streets initiative, which includes new sidewalks, lighting, drainage, and utilities across a 17-block corridor. Surrounding economic catalysts include the $490 million Port of Mobile expansion, the under-construction $300 million Regions Arena, River Walk Plaza waterfront development, and the new Mobile International Airport terminal. For businesses seeking scale, versatility, and a central location, this property offers a rare opportunity to secure a dynamic footprint at the center of Mobile’s ongoing urban resurgence.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 30,397 SF | Industrial | Full Build-Out | Now |
| 2nd Floor | 27,157 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 30,397 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 27,157 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 30,397 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
361 St. Louis Street presents a unique opportunity to lease ±57,000 square feet of flexible industrial and office space in the heart of Downtown Mobile. Situated on a 0.86-acre parcel with prominent frontage along St. Louis Street, this property offers unmatched visibility one block north of Greer’s St. Louis Market, the key grocery anchor serving downtown and midtown residents. The expansive, adaptable floor plan is well-suited for a variety of tenant uses, including office, flex, light industrial, service, maker, or assembly operations. Zoned T-5.1 within the City of Mobile’s Downtown Development District, the property allows a broad range of uses by right, eliminating the need for additional zoning approvals and giving tenants unparalleled flexibility. Positioned within a district experiencing transformative investment, the property benefits from extensive infrastructure upgrades via the $17 million St. Louis Street Complete Streets initiative, which includes new sidewalks, lighting, drainage, and utilities across a 17-block corridor. Surrounding economic catalysts include the $490 million Port of Mobile expansion, the under-construction $300 million Regions Arena, River Walk Plaza waterfront development, and the new Mobile International Airport terminal. For businesses seeking scale, versatility, and a central location, this property offers a rare opportunity to secure a dynamic footprint at the center of Mobile’s ongoing urban resurgence.
2nd Floor
| Size | 27,157 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
361 St. Louis Street presents a unique opportunity to lease ±57,000 square feet of flexible industrial and office space in the heart of Downtown Mobile. Situated on a 0.86-acre parcel with prominent frontage along St. Louis Street, this property offers unmatched visibility one block north of Greer’s St. Louis Market, the key grocery anchor serving downtown and midtown residents. The expansive, adaptable floor plan is well-suited for a variety of tenant uses, including office, flex, light industrial, service, maker, or assembly operations. Zoned T-5.1 within the City of Mobile’s Downtown Development District, the property allows a broad range of uses by right, eliminating the need for additional zoning approvals and giving tenants unparalleled flexibility. Positioned within a district experiencing transformative investment, the property benefits from extensive infrastructure upgrades via the $17 million St. Louis Street Complete Streets initiative, which includes new sidewalks, lighting, drainage, and utilities across a 17-block corridor. Surrounding economic catalysts include the $490 million Port of Mobile expansion, the under-construction $300 million Regions Arena, River Walk Plaza waterfront development, and the new Mobile International Airport terminal. For businesses seeking scale, versatility, and a central location, this property offers a rare opportunity to secure a dynamic footprint at the center of Mobile’s ongoing urban resurgence.
Property Taxes
| Parcel Number | 29-06-40-0-002-130 | Improvements Assessment | $566,580 |
| Land Assessment | $104,340 | Total Assessment | $670,920 |
Property Taxes
