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361 St Louis St 57,000 SF Industrial Building Mobile, AL 36602 $5,500,000 ($96.49/SF)
Investment Highlights
- Location: +- 57,000 sq ft former storage facility on 0.86 acres in the heart of Downtown Mobile, with direct frontage on St. Louis Street.
- Zoned T-5.1 (Downtown Development District): Permits a broad mix of office, retail, commercial, residential, and civic uses by right
- $300 Million Regions Arena Currently Under Construction
- Flex Industrial / Office Repositioning Play: Large floor plan adaptable to office, flex, light industrial or service uses
- St. Louis Street underwent full 17-block rebuild with new sidewalks, drainage, lighting, and utilities
- New Mobile International Airport at Brookley – New River Walk Plaza near by
Executive Summary
The subject property is a ±57,000-square-foot Office/Flex building on 0.86 acres in the heart of Downtown Mobile, with direct frontage on St. Louis Street and located one block north of Greer's St. Louis Market. Offered for sale as a flex industrial / office repositioning opportunity, its large-format floor plan suits office, flex, light industrial or service uses. The property is zoned T-5.1 within the City of Mobile's Downtown Development District, a mixed-use district of medium intensity that permits a broad mix of office, retail, commercial, residential, and civic uses by right — supporting a wide range of repositioning strategies without a use variance.
The property sits at the center of a historic wave of investment in Downtown Mobile. Its own corridor is being fully rebuilt under the roughly $17 million St. Louis Street Complete Streets project, repaving all 17 blocks with new sidewalks, drainage, lighting, landscaping, and rebuilt utilities. Surrounding catalysts include the Port of Mobile's $490 million channel deepening — now the deepest container port in the U.S. Gulf with a new berth underway, the $300 million Regions Arena downtown (opening Mardi Gras 2027), the River Walk Plaza waterfront hotel and mixed-use development, and the new Mobile International Airport terminal at Brookley. For an owner-user or investor, 361 St. Louis Street offers a rare combination of scale, flexibility, and location — a repositionable downtown building directly on a fully reinvested corridor, positioned to benefit as the urban core continues to add residents and demand for office, flex, and industrial space.
The property sits at the center of a historic wave of investment in Downtown Mobile. Its own corridor is being fully rebuilt under the roughly $17 million St. Louis Street Complete Streets project, repaving all 17 blocks with new sidewalks, drainage, lighting, landscaping, and rebuilt utilities. Surrounding catalysts include the Port of Mobile's $490 million channel deepening — now the deepest container port in the U.S. Gulf with a new berth underway, the $300 million Regions Arena downtown (opening Mardi Gras 2027), the River Walk Plaza waterfront hotel and mixed-use development, and the new Mobile International Airport terminal at Brookley. For an owner-user or investor, 361 St. Louis Street offers a rare combination of scale, flexibility, and location — a repositionable downtown building directly on a fully reinvested corridor, positioned to benefit as the urban core continues to add residents and demand for office, flex, and industrial space.
Property Facts
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 27,000-40,914 SF | Industrial | - | Now |
2nd Floor
| Size |
| 27,000-40,914 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
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Photos
Street View
Street
Map
2nd Floor
| Size | 27,000-40,914 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
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Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 29-06-40-0-002-130 | Improvements Assessment | $566,580 |
| Land Assessment | $104,340 | Total Assessment | $670,920 |
Property Taxes
Parcel Number
29-06-40-0-002-130
Land Assessment
$104,340
Improvements Assessment
$566,580
Total Assessment
$670,920
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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